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.
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