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35 Abbott Street

Eliu Cruz Acquires Multifamily Property In Lawrence, MA For $600,000
SOLDMultiFamily

Eliu Cruz Acquires Multifamily Property In Lawrence, MA For $600,000

35 Abbott Street

$600,000

$330/SF

Building Size

1,813 SF

Asset Type

MultiFamily

Closing

Dec 7, 2023

AI

In Lawrence, MA, a multifamily property located at 35 Abbott Street was recently sold in a closed transaction. The property consists of two units with a total square footage of 1,813. The sale price for this multifamily asset was $600,000, resulting in a per unit price of $300,000 and a price per square foot of $331.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $600,000
  • Units: 2
  • Price per Unit: $300,000
  • Square Footage: 1,813
  • Price per Square Foot: $331
  • Address: 35 Abbott Street, Lawrence, MA

Eliu Cruz was the buyer in this transaction, while Gerda Boucard served as the seller. Michelle Delossantos from Century 21 represented the buyer, and Nelson Otuechere from NCO Realty Group represented the seller in the deal.

Players

Nelson Otuechere

NCO Realty Group

Broker

$22.1M

vol

14 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

26.44%

Cash-on-Cash

-7.56%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93