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60 Franklin St Westfield, M...

Updated Dec 4, 2023

Lock & Key Realty Acquires 22-Unit Multifamily In Westfield, MA For $2.3M
SOLDMultiFamily

Lock & Key Realty Acquires 22-Unit Multifamily In Westfield, MA For $2.3M

60 Franklin St Westfield, MA 01085, USA

$2,300,000

$181/SF

Building Size

12,675 SF

Asset Type

MultiFamily

Closing

Aug 7, 2023

About this deal

AI

A multifamily property located at 60-62 Franklin Street in Westfield, MA has recently been sold. The property consists of 22 units with a price per unit of $104,545. The total square footage of the property is 12,675, resulting in a price per square foot of $181. The sale price for the property was $2,300,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,300,000
  • Address: 60-62 Franklin Street, Westfield, MA
  • Market: Westfield, MA
  • Units: 22
  • Price per Unit: $104,545
  • Square Footage: 12,675
  • Price per Square Foot: $181

Pablo Ottenwalder from Lock & Key Realty represented the buyer in this transaction. If you are interested in apartment building deals in western mass, you can reach out to Pablo Ottenwalder for more information.

It's also worth noting that Pablo Ottenwalder has two off-market deals available, one with 24 units and another with 48 units. If you are looking for investment opportunities in the area, it might be worth contacting Pablo Ottenwalder for more details.

On the Map

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$2,300,000

$181/SF

MultiFamily

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Players

Pablo Ottenwalder

Broker

$6.5M

vol

3 deals

Broker

Westfield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $181 per square foot on a published $2.3M for 12,675 square feet (2023).

Visit Pablo Ottenwalder to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

6.90%

Cash-on-Cash

-1.97%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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