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176 178 Bailey Street

Manny Nunez Acquires Multifamily Property From Sandy Gabin In Lawrence For $1.2M
SOLDMultiFamily

Manny Nunez Acquires Multifamily Property From Sandy Gabin In Lawrence For $1.2M

176 178 Bailey Street

$1,200,000

$210/SF

Building Size

5,708 SF

Asset Type

MultiFamily

Closing

Nov 9, 2025

AI

The property asset involved in the transaction is a multifamily building located at 176-178 Bailey Street in Lawrence, MA. The sale was completed for a total amount of $1,200,000, which translates to a price per square foot of $210. The total square footage of the asset measures 5,708 square feet.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,200,000
  • Address: 176-178 Bailey Street
  • Market: Lawrence, MA
  • Square Footage: 5,708
  • Price Per Square Foot: $210
  • Buyer: Manny Nunez
  • Seller: Sandy Gabin
  • Broker: Michael Alvarez - Alvarez Real Estate Group

The deal was facilitated by Michael Alvarez, representing Alvarez Real Estate Group, who acted in the capacity of the broker for the transaction, overseeing the arrangement between the buyer, Manny Nunez, and the seller, Sandy Gabin.

Players

Michael Alvarez

Alvarez Real Estate Group

Broker

$20.4M

vol

4 deals

Broker

Lawrence MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93