Updated Oct 28, 2024
Affiliate Of Stockbridge Ventures Acquires Multifamily Property In Springfield, MA For $42.6M
35 Willow Street, Springfield, Massachusetts 01105, United States
$42,600,000
Units
233
Asset Type
MultiFamily
Closing
Nov 6, 2022
About this deal
AI
A multifamily property located at 35 Willow Street in Springfield, MA has been sold for a total transaction value of $42,600,000. The property consists of 233 units, resulting in a price per unit (PPU) of $182,833. The sale took place on November 7, 2022.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $42,600,000
- Address: 35 Willow Street
- Market: Springfield, MA
- Units: 233
- Price Per Unit (PPU): $182,833
The buyer in this transaction was an affiliate of Stockbridge Ventures, while the seller was an affiliate of The Dolben Company. The deal was facilitated by Simon Butler, Biria St. John, and John McLaughlin of CBRE.
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
0.37%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93