Updated Dec 18, 2023
Northmarq Represents Buyer And Seller In $29M Multifamily Sale On Boysenberry Lane, Springfield
2400 Boysenberry Lane, Springfield, Illinois 62711, United States
$29,000,000
Units
308
Asset Type
MultiFamily
Closing
Jul 5, 2022
About this deal
AI
The multifamily property located at 2400 Boysenberry Lane, 2312 Boysenberry & 3331 Smythberry Ln in Springfield has been sold for $29,000,000. The transaction took place on 07/06/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $29,000,000
- Market: Springfield
- Units: 308
- Price per unit: $94,156
- Buyer's Representative: Parker Stewart - Northmarq
- Seller's Representative: Alex Malzone & Dominic Martinez - Northmarq
- Mortgage Broker: David Garfinkel - Northmarq
Parker Stewart, Alex Malzone, and Dominic Martinez from Northmarq represented the buyer and seller in this transaction. Additionally, David Garfinkel, also from Northmarq, served as the mortgage broker.
On the Map
$29,000,000
MultiFamily
View full map
Players
Springfield MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Parker Stewart to view all their deals.
Browse Illinois multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.55%
Cash-on-Cash
-0.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93