LYNN — A Harwood Street building was sold for more than $5 million to Greenville Real Estate Group, a Jamaica Plain-based real estate management and investment firm, according to Southern Essex County Register of Deeds John O’Brien.
The property, which is located at 26 and 30 Harwood St., is a 24-unit apartment building worth approximately $3.6 million, according to city assessing records. The building was previously owned by Harwood Ventures, LLC, a Swampscott-based company that owned the property for 23 years. The exact sale price was $5.765 million.
The sale qualified as “significant” because the purchase price exceeded $5 million.
The sale will generate $26,288.40 in revenue for the state via deed excise sales tax, according to O’Brien.
Oleg Ielisieiev, the Greenville Real Estate Group’s financial examiner, said the company has been doing a lot of work in Lynn in recent years, believing that the city is primed for growth.
“We have long-term plans there,” he said.
The group has no major plans for the property, which Ielisieiev said was “fairly stable.”
Charlie McKenna can be reached at [email protected].
