Lynn, Massachusetts

42-Unit LUXURY Apartment Community

executive summary

Colliers International is pleased to present for sale Needham’s Landing, a 42-unit recently constructed luxury apartment community located on the Little River in Lynn, MA.  The waterfront property is 100% market-rate and contains an ideal mix of studio, 1 bedroom, and 2 bedroom units. These luxury residences feature granite stainless steel appliances, hardwood floors, balconies, and central air. In addition, the property offers residents on-site parking at a 1:1 ratio, stone patio with grills, game room, and on-site storage units. An additional unit was permitted in the former storage building which should bring additional income to the property.

 

Needham’s Landing is well-positioned between two large employment bases, General Electric and the new Encore Boston Harbor Hotel and Casino (estimated to bring thousands of new jobs). The property is within walking distance of MBTA buses and the GE RiverWorks campus, as well as the MBTA Commuter Rail and Route 107.

 

Needhams Landing is available on an un-priced basis. Additional due diligence materials are available for qualified buyers. We will be conducting tours in the coming weeks with a call for offers to follow.

Community Amenities

  • On-site Laundry
  • Riverfront Views
  • Resident Barbecue Area
  • Storage Units Available
  • Outdoor Resident Lounge Area
  • Proximity to MBTA buses
  • Minutes from the Commuter Rail

UNIT MIX CHART

Studio

1 Bedroom

2 Bedroom

Neeham's Landing, Lynn MA - Colliers International | Boston

Unit Amenities

  • Bamboo Flooring
  • Granite Countertops
  • Stainless Steel Appliances
  • Private Balconies
  • Air Conditioning
  • Custom Cabinerty
  • Carpet Throughout Bedrooms
  • Washer/Dryer in Unit
  • Modern Finishes

the

Amenities

Neeham's Landing, Lynn MA - Colliers International | Boston

Luxury New Construction

Constructed in 2016, Needhams Landing offers generational construction quality. Residents benefit from a diverse unit-mix and luxury finishes, including in-unit washer/dryers, waterfront views, and central A/C. Community amenities include 1:1 parking ratio, on-site storage units, and outdoor lounge/BBQ area.

Neeham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston

Lack Of New Supply

With limited new development, Lynn has little to no newly constructed apartment buildings for rent. The majority of existing rental inventory consists of older inefficient product with limited to no amenities. The Needham’s Landing apartments are the newest and only luxury product in Lynn, and offer its residents a quality of amenities that are best in class. With new product in this submarket achieving north of $3.00/SF, one can capitalize on this supply constrained market.

The Inner Suburb Effect

The inner suburbs surrounding Boston and Cambridge are rapidly changing, and they are closer than you may think. Cities like Chelsea, Everett, and Lynn have attracted the attention of developers and investors, as these  are affordable alternatives to Boston and cater to a much larger renter pool. The renter pool that can afford $3.00/SF or less is far deeper than that of the $4.00-$5.00/SF range.

Commuter’s Dream

Needhams Landing is located directly on Little River, within walking distance of MBTA buses, GE RiverWorks campus, and is only minutes from the commuter rail and Route 107. The property’s accessibility provides residents with easy access to major employers in the Greater Boston area.

3 Minutes

to GE Riverworks

30 Minutes

to Logan Airport

15 Minutes

to Nahant Beach

the

Gallery

Neeham's Landing, Lynn MA - Colliers International | Boston

investment

HIGHLIGHTS

Neeham's Landing, Lynn MA - Colliers International | Boston
Needham's Landing, Lynn MA - Colliers International | Boston

Multi-Family Investment Sales

Christopher Sower - Colliers International | Boston

Christopher Sower

617-330-8141

christopher.sower@colliers.com

Bruce Lusa - Colliers International | Boston

Bruce Lusa

617-330-8043

bruce.lusa@colliers.com

Jonathan Bryant - Colliers International | Boston

Jonathan Bryant

617-330-8081

jonathan.bryant@colliers.com

JohnFlaherty - Colliers International | Boston

John Flaherty

617-330-8151

john.flaherty@colliers.com

Have questions about this property listing?

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Colliers International | Boston

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Needham's Landing, Lynn MA - Colliers International | Boston
Christopher Sower - Colliers International | Boston
Bruce Lusa - Colliers International | Boston
Jonathan Bryant - Colliers International | Boston
JohnFlaherty - Colliers International | Boston
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Needham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston
Neeham's Landing, Lynn MA - Colliers International | Boston
Needham's Landing, Lynn MA - Colliers International | Boston
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