December 12, 2024 – Stephen Girolamo of Horvath & Tremblay has successfully completed the sale of a 24-unit multi-family property in Lynn, Massachusetts. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $4,800,000.
119 Lewis Street is a multi-family building in Lynn, Massachusetts. The three-story building contains twenty-four (24) total units, consisting of twenty-one (21) 1-Bedroom/1-Bathroom units and three (3) two-room Studio units with 12,765 square feet of living area in 17,029 square feet of gross area on a 0.289-acre parcel. The Property is well-located on Lewis Street in a densely populated residential neighborhood adjacent to Downtown Lynn, with convenient access to both local and regional transportation, as well as retail amenities around Lynn’s Central Square. The Property is situated just outside of Central Square, the primary commercial area in Downtown Lynn that offers convenient access to an array of “downtown” amenities, including retail, restaurants, entertainment and public transportation. Additionally, Lewis Street is just 0.8 miles from the Central Square commuter rail station, with service to Boston’s North Station, and 11 miles from Downtown Boston. The Property also enjoys convenient access to Routes 129 and 1A and is minutes from Routes 107 and 129A. Multiple MBTA bus routes, including 421, 435, 436, 439, 441, 442 and 455, stop near the Property in Central Square, providing convenient local access throughout the North Shore including to the nearby Commuter Rail Stations.
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.