June 1, 2022 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 135-139 Lawton Avenue in Lynn, Massachusetts. Girolamo exclusively represented the buyer to close the property at a sale price of $3,400,000.
135-139 Lawton Avenue consists of two adjacent three-story buildings containing seventeen (17) units comprised of fifteen (15), 2-Bedroom/1-Bathroom units and two (2), studio units in 12,210 square feet of living area (25,728 square feet of gross area), on a combined 0.28-acre parcel. The Property is separately metered for electricity which the tenants pay. The Landlord pays for gas heat and hot water and domestic water and sewer. The Property is well-located on a residential street at the edge of Downtown Lynn. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including the Stop & Shop, Central Square, Price-Rite, BayRidge Hospital and North Shore Community College. The Property is located on Lawton Avenue just seconds from Routes 107 and 129, and 1-mile from Route 1A. Multiple MBTA bus routes, including 424, 435, and 450, stop near the Property, providing convenient local access throughout the North Shore, including to the nearby Commuter Rail Station. Commuter Rail Service to Boston is available just 0.8 miles from the Property at the Central Square commuter rail station.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.