Mohammed Rahman Acquires 16-Unit Multifamily In Springfield, MA For $1.375M
24-28 Wilcox Street
$1,375,000
$91/SF
Building Size
14,960 SF
Asset Type
MultiFamily
Closing
Aug 23, 2023
AI
The multifamily property located at 24-28 Wilcox Street in Springfield, MA has been sold for a price of $1,375,000. The property consists of 16 units, with a per unit price of $85,938. The total square footage of the property is 14,960, resulting in a price per square foot of $92.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,375,000
- Units: 16
- Price per Unit: $85,938
- Square Footage: 14,960
- Price per Square Foot: $92
- Address: 24-28 Wilcox Street, Springfield, MA
The buyer of the property is Mohammed Rahman, while the seller is Matthew Tortoriello. The transaction was facilitated by Michael Bradley from Horvath & Tremblay acting as the broker representing both parties in the deal.
Players
Springfield 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
11.54%
Cash-on-Cash
-3.30%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93