Dow Management Sells Agawam & West Springfield Multifamily For $9.25M
SOLD
$9,250,000
Massachusetts
See Similar DealsMultiFamily42,843 SF
Sold 12/11/2020
SOLD
Dow Management Sells Agawam & West Springfield Multifamily For $9.25M
238 Maple Street, Agawam, MA, USA
See Similar DealsMultiFamily42,843 SF
Sold 12/11/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$215
Total Square Footage:42,843 SF
Transaction Type:Sale
The sale of a multifamily property located at 238 Maple Street & 155 River Street in Agawam & West Springfield, MA has been completed. The transaction took place on 12/11/2020.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,250,000
- Market: Agawam & West Springfield, MA
The property, consisting of 115 units, was sold by Dow Management LLC. The brokerage services for this transaction were provided by Tom Boyle and Steve Pappas from Chozick Realty Inc. The sale price achieved for this property was $9,250,000, resulting in a per unit price of $80,435.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$493,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$32,863.31
Cash-on-Cash Return-1.27%
Monthly Debt Service$43,849.72
Annual Debt Service$526,196.63
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