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14 Simard Drive

Taylor Perun Of NorthEast Private Client Group Represents Sale Of Brook Edge Apartments For $10.5M
SOLDMultiFamily

Taylor Perun Of NorthEast Private Client Group Represents Sale Of Brook Edge Apartments For $10.5M

14 Simard Drive & 64 Simard Drive

$10,500,000

Building Size

Asset Type

MultiFamily

Closing

Oct 4, 2024

AI

The property involved in this transaction is an 82-unit multifamily complex located at 14-64 Simard Drive in Chicopee, Massachusetts. The asset was sold for $10,500,000, which equates to a price per unit of $128,049.

Summary of transaction details:

Northeast Private Client Group completed the transaction, representing the seller in this deal involving Brook Edge Apartments. The sale occurred on 10/04/2024.

Players

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

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

1.51%

Cash-on-Cash

-0.43%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93