December 23, 2021 – Stephen Girolamo of Horvath & Tremblay has arranged the sale of 653-659 Western Avenue in Lynn, Massachusetts. Girolamo exclusively represented seller to close the property at a sale price of $5,050,000.
653-659 Western Avenue is mixed-use property in Lynn, Massachusetts. The Property consists of two three-story, multi-family buildings, one free-standing commercial building (leased to a barber shop), and a vacant commercial building in the rear of the Property. The Property contains a total of twenty-nine (29) residential units comprised of twenty-one (21), 1-Bedroom/1-Bathroom units, five (5), 2-Bedroom/1-Bathroom units and three (3) Studio units in 20,059 square feet of living area (25,623 square feet of gross area), on a 0.289-acre parcel. The Property includes on-site parking for twenty (20) vehicles. 653-659 Western Avenue is well-located 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, Arlington Street is 0.9 miles from the Central Square commuter rail station with services to Boston’s North Station, and 11 miles from Downtown Boston.
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.