Sophisticated penthouse loft in the iconic and architecturally striking Sloan Machinery Building, showcasing soaring 12’ beamed ceilings, dramatic 6-ft industrial-style windows, exposed brick walls, and exclusive deeded roof rights directly above the unit. Legally a 2-bedroom, this residence is currently configured as an expansive 1-bedroom, offering a flexible and airy open-concept layout. Interior highlights include rich hardwood flooring, a skylit kitchen with granite countertops and stainless steel appliances, two thoughtfully designed custom PAX walk-in closets, in-unit washer/dryer, a high-efficiency Bosch Combi boiler, and an updated AC system. Includes deeded heated garage parking. This professionally managed, pet-friendly, FHA-approved elevator building features secure ButterflyMX video intercom access. Ideally situated just 0.5 miles from the commuter rail and moments from Lynn’s vibrant restaurants, beaches, shops, and cultural venues—with convenient access to Boston!

Property Details

Price:
$454,900
MLS #:
73396652
Status:
Active
Beds:
2
Baths:
1
Address:
589 Essex St # 405
Type:
Condo
Subtype:
Condominium
City:
Lynn
Listed Date:
Jun 25, 2025
State:
MA
Finished Sq Ft:
1,157
Total Sq Ft:
1,157
ZIP:
01901
Lot Size:
25,426 sqft / 0.58 acres (approx)
Year Built:
1823

Schools

Interior

Appliances
Range, Dishwasher, Microwave, Refrigerator, Freezer, Washer, Dryer
Bathrooms
1 Full Bathroom
Cooling
Central Air
Flooring
Wood
Heating
Forced Air, Natural Gas
Laundry Features
Closet – Linen, Walk-in Storage, Fourth Floor, In Unit, Gas Dryer Hookup, Electric Dryer Hookup

Exterior

Association Amenities
Elevator(s)
Community Features
Public Transportation, Shopping, Park, Walk/ Jog Trails, Golf, Medical Facility, Laundromat, Bike Path, Highway Access, House of Worship, Private School, T- Station, Other
Construction Materials
Brick
Exterior Features
Deck – Roof + Access Rights
Parking Features
Under, Heated Garage, Deeded, Off Street
Roof
Rubber
Security Features
Intercom

Financial

HOA Fee
$440
HOA Frequency
Monthly
HOA Includes
Water, Sewer, Insurance, Security, Maintenance Structure, Road Maintenance, Maintenance Grounds, Snow Removal, Trash, Reserve Funds
Tax Year
2025
Taxes
$4,555

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CRP: Certified Relocation Professional
CRS: Certified Residential Specialist
GRI: Graduate of Realtors Institute
CBR: Certified Buyers Representative
BSBA: Bachelor of Science in Business Administration. Babson College 1979
MBA: Master of Business Administration. Babson College 2002

James M. Joly is President and Principal-Owner of Boardwalk Real Estate Corp.,…

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589 Essex St # 405
Lynn, MA