Federal Realty Corp. of Lynn has sold a 108-unit multifamily portfolio in Lynn to Sawyer Realty Holdings for $11 million.

The properties consist of 40-60 Lewis St. and 11 and 17 Beach Road. Totaling 61 one- and two-bedroom units, 11 and 17 Beach Road in Lynn’s Diamont District have direct ocean views.  The Lewis Street Properties total 47 one- and two bedroom units. Both areas are close to numerous amenities including Kings Beach and Red Rock Park.

NAI Hunneman Executive Vice President/Principal Carl Christie, assisted by Sales Associates Dan McGee and Henry Lieber, represented the seller and procured the buyer.

“This was a fantastic opportunity to market a rare generational asset,” Christie said in a statement. “The portfolio represented a unique opportunity to acquire two oceanfront apartment buildings as well as other quality buildings on Lewis Street in the Diamond Historic District.  The sale enabled the buyer to acquire a well-managed portfolio and add to their existing holdings in Lynn; while the sellers were able to achieve an attractive price and exit at the right time for their estate.”