February 29, 2024 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of fourteen (14) multi-family units in Lynn, Massachusetts. Horvath & Tremblay represented the buyer to close on the property at a sale price of $2,550,000.
The multi-family Property is located at 671-677 Western Avenue and 44-46 Mall Street in Lynn, Massachusetts. The Property is improved by two (2), three-story multi-family buildings and contains fourteen (14) residential units with 14,920 total square feet on a 0.24-acre parcel of land. The Property is separately metered for electricity, heat, and hot water which the tenants pay directly. The Landlord pays for common electric and domestic water and sewer. The Property is well-located in the center of Downtown Lynn at the intersection of Mall Street and Western Avenue (MA Route 107), one of Lynn’s primary commuter and commercial corridors and is close to Route 1A. The location is walkable to numerous dining, drinking, shopping, cultural and entertainment amenities including Market Basket, Stop & Shop, Central Square, and North Shore Community College. The Property is located on Western Avenue Multiple MBTA bus routes, including 424, 426, 436, 442, 450 and 455 stop near the Property, providing convenient local access throughout the North Shore including to the nearby Commuter Rail Stations. Commuter Rail Service to Boston is available 1 mile 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.