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:
- Property Type: Multifamily
- Transaction Amount: $6,900,000
- Units: 42
- Square Footage: 41,040
- Price Per Unit: $164,285
- Price Per Square Foot: $168
- Buyer: Israel Rodriguez
- Seller: Jordan Crumley
- Brokers: Spencer Norton, Dennis Kelleher & John Pentore - Horvath & Tremblay
- Date of Transaction: 07/04/2025
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
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