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Canceled

98 Lynnway, Lynn MA 01902

$20,500,000

Estimated $34,542/month Calculator

Multi Family

Total Units: 80

Price Per Unit: $256,250

Total Rent: 0/year

Estimated CAP Rate:

99 Bedrooms

Baths

99999

Total Parking: 198 (99 Garage)

161,747 (3.71)

Major Development Opportunity Harbor98 will be sold as an approved waterfront lot which has been removed from the VE zone so is not in a flood zone. 100% Market Rate development opportunity on the Lynnway, minutes to North Shore Community College, Lynn Heritage State Park, and Nahant Beach. This soon to be approved development will consist of 80 market rate units, 156 parking spaces, a large courtyard with a pool spanning one side of the building, a fitness center, cinema, business center, and more. Located between Seaport Landing Marina and Volunteer Yacht Club in Nahant harbor, Harbor 98 is part of a newly developed and highly desirable area in Lynn. Along with the lot and approvals, Harbor98 is also sold with marketing collateral such as logos, photos, renderings, access to Google Business account, website domain and more. Due to MLS Limited data fields see list agent for accurate unit, bed, bath, total GLA and room count.

This home has been viewed 45 times

Last Checked: May 7th, 2024 at 6:45am (Source: MLS PIN #73029502)

Gross Income: $0

Gross Expenses: $15,610

Net Income Calc: $15,610

Water Views

Annual Expenses for 98 Lynnway, Lynn MA 01902

Total Gross Expenses (Calculated)$15,610/year

APOD AvailableNo

Heating

Electricity

Water

Gas

Insurance

Sewer

Trash Removal

Repair & Maintenance

Management

Miscellaneous

Real Estate Tax15610.8

Annual Income & Unit Breakdown for 98 Lynnway, Lynn MA 01902

Total Gross Income (Calculated)$0

Unit 1

Rental Income$0

LeaseN

Bedrooms1

Bathrooms1 Full, 1 Half

Floor1

Levels in Unit1

Rent Includes

Unit 2

Rental Income$0

LeaseN

Bedrooms2

Bathrooms2 Full, 1 Half

Floor8

Levels in Unit1

Rent Includes

Unit 3

Rental Income$0

Lease

Bathrooms

Rent Includes

Unit 4

Rental Income$0

Lease

Bathrooms

Rent Includes

General Information for 98 Lynnway, Lynn MA 01902

Listing ID73029502

Property TypeMulti Family / 5+ Family

Price20500000 ($205/SqFt)

Style5-9 Family

CityLynn

CountyEssex

Neighborhood(s)

Approximate Living Area Total99999

Approximate Lot Size (Acres)3.71

Total Parking198 (99 Garage)

Garage Parking99

Year Built2022

Year Built SourceOwner

Year Built DetailsTo Be Built

WaterPublic

SewerPublic Sewer

Electric

Hot Water

Roof Material

Basement

Construction Materials

Lot Features

Foundation Description

Accessible Features

Outdoor Space

ZoningWF2

Water ViewsYes

Water Views FeaturesBay

Waterfront FeaturesRiver

Terms

Disclosures for 98 Lynnway, Lynn MA 01902

Lead Paint

UFFI

Living Area Includes BasementNo

Living Area Disclosure

Building Area SourceOther

ExclusionsAll Basement Shelves & Tv. Kitch Mirror & Musical Clock.1st Fl Lr Tv. Dartboard. Shelves In Dr.

Financial Data Source

Total Gross Expenses By Broker

Total Gross Income By Broker

Total Net Income By Broker

Short Sale / Forclosure (Bank Owned)

Buyer Agent Compensation1

Facilitator Compensation0

Compensation Based OnNet Sale Price

Financial Information for 98 Lynnway, Lynn MA 01902

Real Estate Taxes15610.8

Tax Year2022

Assessed Value$1,255,900

Financial Data Source

Total Gross Expenses By Broker

BostonRealEstate.com Gross Expenses

Total Gross Income By Broker

BostonRealEstate.com Gross Income

Total Net Income By Broker

BostonRealEstate.com Gross NOI

CAP Rate (based on Broker info)

Location Information for 98 Lynnway, Lynn MA 01902

Neighborhood(s)

Area AmenitiesWalk/jog Trails

Contact Information for 98 Lynnway, Lynn MA 01902

Agent

Name: The Synergy Group

Office

Name: The Synergy Group

Phone: 888-410-5454

Payment Calculator

, Interest

Property Taxes 1300.9

Principal & Interest 126314.48

HOA Dues

Term

Interest

Home Price

Down Payment

Exclusive Listing Agent

The Synergy Group

Agent Phone

Office Phone

(888) 410-5454

Text Agent Call Agent Call Office

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EXIT

4 More Photos

Canceled

98 Lynnway, Lynn MA 01902

$20,500,000

Annual Expenses for 98 Lynnway, Lynn MA 01902

Annual Income & Unit Breakdown for 98 Lynnway, Lynn MA 01902

General Information for 98 Lynnway, Lynn MA 01902

Disclosures for 98 Lynnway, Lynn MA 01902

Financial Information for 98 Lynnway, Lynn MA 01902

Location Information for 98 Lynnway, Lynn MA 01902

Contact Information for 98 Lynnway, Lynn MA 01902

Agent

Office

Payment Calculator

Exclusive Listing Agent

The Synergy Group

The Synergy Group