Keller Williams Realty Acquires Multifamily Property In Springfield, MA For $2.1M
105 School Street, Springfield, Massachusetts 01105, United States
$2,100,000
$116/SF
Building Size
18,000 SF
Asset Type
MultiFamily
Closing
Aug 9, 2022
AI
The multifamily property located at 105-111 School St in Springfield, MA has been sold for a price of $2,100,000. The property spans across 18,000 square feet, resulting in a price per square foot of $117. The transaction took place on August 10, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,100,000
- Street Address: 105-111 School St
- Market: Springfield, MA
Tanisha Salmon from Keller Williams Realty represented the buyer in this sale, while Pablo Ottenwalder from Lock & Key Realty Inc. represented the seller.
Players
Springfield 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
7.55%
Cash-on-Cash
-2.16%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93