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
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