Your email has been sent.
50 Silsbee St - The Onyx 1.08 Acres of Residential Land Offered at $9,990,000 in Lynn, MA 01901
INVESTMENT HIGHLIGHTS
- Permit-approved, six-story mixed-use development with 181 residential units, one retail unit, and 102 subgrade parking spots.
- Addition of an MBTA commuter rail platform directly behind the project to enhance connectivity and leasing prospects.
- Amenity-rich development featuring a fitness center, outdoor patio, golf simulator, and dog park.
EXECUTIVE SUMMARY
This development comprises 129,468 SF of NRA, spread across 181 residential units and 1 commercial unit (usable as a cafe or restaurant).
The mix of residential units is:
36 studios
61 one-bedroom
12 one-bedroom w/den
72 two-bedroom apartments.
The project includes 101 sub-ground parking spaces and amenities such as a gym, golf simulator, and movie theatre.
The Onyx is the premier choice for commuters seeking an alternative to living directly in Boston.
PROPERTY FACTS
| Price | $9,990,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 1.08 AC |
| Property Type | Land | ||
| Zoning | CBD | ||
| Price | $9,990,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 1.08 AC |
| Zoning | CBD |
1 LOT AVAILABLE
Lot
| Price | $9,990,000 | Lot Size | 1.08 AC |
| Price Per AC | $9,250,000.00 |
| Price | $9,990,000 |
| Price Per AC | $9,250,000.00 |
| Lot Size | 1.08 AC |
183-unit approved Multi-family development lot.
DESCRIPTION
Our team is proud to present The Onyx, a fully permit-approved, six-story mixed-use development in Lynn, MA. The project comprises 181 residential rental units, one retail unit, 102 subgrade parking spots, and a total gross square footage of 210,664. The construction features a wood frame and steel podium, with one story of steel over five floors of wood construction. The Onyx offers a mix of 74 one-bedroom, 36 studio, and 71 two-bedroom units. The development boasts various amenities, such as a fitness center, outdoor patio, golf simulator, and dog park. The development team is in the final stages of negotiations to bring an MBTA commuter rail platform directly behind the project, which is expected to significantly impact the lease-up period.
Presented by
50 Silsbee St - The Onyx
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.