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111 School Street, Springfi...

CP Property Group Acquires Multifamily Property On School Street In Springfield, MA For $1.755M
SOLDMultiFamily

CP Property Group Acquires Multifamily Property On School Street In Springfield, MA For $1.755M

111 School Street, Springfield, Massachusetts 01105, United States

$1,755,000

$97/SF

Building Size

18,000 SF

Asset Type

MultiFamily

Closing

Mar 8, 2022

AI

The multifamily property located at 105-111 School in Springfield, MA was recently sold for $1,755,000. The property spans 18,000 square feet, resulting in a price per square foot of $98.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,755,000
  • Address: 105-111 School, Springfield, MA
  • Square Footage: 18,000
  • Price Per Square Foot: $98

The sale was facilitated by Veronique Leroy and Robert Couture of CP Property Group, LLC. They acted as the brokers in the transaction, representing the parties involved.

Players

Veronique Leroy

CP Property Group

Broker

$1.8M

vol

1 deal

Broker

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

9.04%

Cash-on-Cash

-2.58%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93