Updated Dec 4, 2024
Lisa Mulvey Of Berkshire Hathaway HomeServices Represents Buyer In Chicopee Multifamily Sale
12 Chapman Street & 16 Chapman Street
$1,400,000
$56/SF
Building Size
12,334 SF
Asset Type
MultiFamily
Closing
Jun 28, 2024
About this deal
AI
A multifamily building located at 12-16 Chapman Street in Chicopee, MA 01013, was sold for $1,400,000. The property consists of 16 units, including 15 two-bedroom units and 1 three-bedroom unit, with a total square footage of 12,334. The price per unit was $87,500, and the price per square foot was $114.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Units: 16
- Square Footage: 12,334
- Price Per Unit: $87,500
- Price Per Square Foot: $114
- Address: 12-16 Chapman Street, Chicopee, MA 01013
- Market: Chicopee, MA
The deal was facilitated by Lisa Mulvey of Berkshire Hathaway HomeServices, representing the buyer, and Robert Couture of CP Property Group, representing the seller. The transaction took place on June 28, 2024.
Players
Chicopee 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93