Updated Dec 18, 2023
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
About this deal
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.
On the Map
$1,755,000
$97/SF
MultiFamily
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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
9.04%
Cash-on-Cash
-2.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93