Multifamily Property At 202-212 Pearl Street In Springfield MA Sold For $4.37M

An income-producing multi-family property located at 202-212 Pearl Street in Springfield, MA has been sold for $4.37 million. The property consists of 46 units spread across two residential buildings and includes a parking lot with 35 spaces and seven garages. The total square footage of the asset is 45,750, with a price per unit of $95,000 and a price per square foot of $96.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $4,370,000
• Units: 46
• Square Footage: 45,750
• Price per Unit: $95,000
• Price per Square Foot: $96
• Brokers: Andrew Rodman & James Charles - Lock & Key Realty

The transaction was facilitated by Andrew Rodman and James Charles, representing Lock & Key Realty, who were key participants in the sale of this multifamily property in the Springfield market.