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Michael Bradley Of Horvath & Tremblay Brokers $5M Sale Of 57-Unit Multifamily Portfolio In Springfield MA

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SOLD
$5,000,000

Massachusetts

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MultiFamily132,546 SF
Sold 04/25/2025
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SOLD

Michael Bradley Of Horvath & Tremblay Brokers $5M Sale Of 57-Unit Multifamily Portfolio In Springfield MA

64 74 Mill Street, 51 Fort Pleasant Avenue & 59 Fort Pleasant Avenue

See Similar Deals
MultiFamily132,546 SF
Sold 04/25/2025
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$37
Total Square Footage:132,546 SF
Transaction Type:Sale

The property involved in this transaction is a multifamily asset located at 64-74 Mill Street and 51 & 59 Fort Pleasant Avenue in Springfield, MA. The sale price of the property was $5,000,000, comprising a total of 57 units across three buildings. The total square footage of the property is 44,182, resulting in a price per unit of $87,719 and a price per square foot of $113.

Summary of transaction details:

Michael Bradley of Horvath & Tremblay facilitated the transaction, representing the sale of the Mill & Fort Pleasant portfolio. The transaction concluded on April 25, 2025.

Players

Michael Bradley
5 deals$12.2M volume(781) 300-2502
BROKER

Details

SOLD
IMAGE: Michael Bradley DATE: 04/25/2025 ADDRESS: 64-74 Mill Street, 51 & 59 Fort Pleasant Avenue MARKET: Springfield, MA ASSET TYPE: Multifamily BROKER: Michael Bradley - Horvath & Tremblay SALE PRICE: $5,000,000 UNITS: 57 ~ PPU: $87,719 SF: 44,182 ~ PPSF: $113 NOTE: Michael Bradley of Horvath & Tremblay brokered the $5 million sale of the Mill & Fort Pleasant portfolio, a 57-unit multi-family property consisting of three buildings in Springfield, MA.

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Operating Expenses (Annual)
Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

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Cash Flow (Annual)-$17,763.94
Cash-on-Cash Return-1.27%
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