facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

12 Chapman Street

Lisa Mulvey Of Berkshire Hathaway HomeServices Represents Buyer In Chicopee Multifamily Sale
SOLDMultiFamily

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

24,668 SF

Asset Type

MultiFamily

Closing

Jun 28, 2024

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

Robert Couture

CP Property Group

Broker

$4.6M

vol

3 deals

Broker

Chicopee MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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