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
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