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:
- Property Type: Multifamily
- Transaction Amount: $10,500,000
- Units: 82
- Price Per Unit: $128,049
- Broker: Taylor Perun - NorthEast Private Client Group
Northeast Private Client Group completed the transaction, representing the seller in this deal involving Brook Edge Apartments. The sale occurred on 10/04/2024.
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