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Wood Way

Israel Rodriguez Purchases Multifamily Asset In Lawrence For $6.9 Million From Jordan Crumley
SOLDMultiFamily

Israel Rodriguez Purchases Multifamily Asset In Lawrence For $6.9 Million From Jordan Crumley

Wood Way

$6,900,000

$168/SF

Building Size

41,040 SF

Asset Type

MultiFamily

Closing

Apr 6, 2025

AI

The property involved in this transaction is a multifamily asset located at American Woolen Mills, encompassing 1-14 Wood Way, 1-14 Washington Way, and 1-14 Prospect Way in Lawrence, MA. The sale price is $6,900,000, and the property comprises 42 units within a total square footage of 41,040, resulting in a price per unit of $164,285 and a price per square foot of $168.

Summary of transaction details:

In this transaction, the key individuals involved are the buyer, Israel Rodriguez, and the seller, Jordan Crumley. The brokerage team facilitating the deal includes Spencer Norton, Dennis Kelleher, and John Pentore from Horvath & Tremblay, who represent the interests of the seller.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$565M

vol

97 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

2.30%

Cash-on-Cash

-0.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93