Updated Dec 21, 2023
Chet Ardolino's Berkshire Ave Multifamily Sells For $1.6M In Springfield, MA
406 Berkshire Avenue, Springfield, Massachusetts 01109, United States
$1,600,000
$133/SF
Building Size
12,000 SF
Asset Type
MultiFamily
Closing
May 11, 2022
About this deal
AI
The multifamily property located at 406-414 Berkshire Ave in Springfield, MA was recently sold. The sale was facilitated by Chet Ardolino of BHHS HomeServices Realty Professionals. The transaction took place on 05/12/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,600,000
- Address: 406-414 Berkshire Ave, Springfield, MA
- Market: Springfield, MA
- Broker: Chet Ardolino - BHHS HomeServices Realty Professionals
- Square Footage: 12,000
- Price per Square Foot: $133
The sale of the multifamily property took place for a total amount of $1,600,000. The property spans across 12,000 square feet, resulting in a price per square foot of $133.
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
9.91%
Cash-on-Cash
-2.83%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93