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81 Exposition Terrace

Updated Dec 4, 2024

Viktoriya Gladysh Of Gallagher Real Estate Represents Sale Of 10-Unit Multifamily For $1.15M In West Springfield
SOLDMultiFamily

Viktoriya Gladysh Of Gallagher Real Estate Represents Sale Of 10-Unit Multifamily For $1.15M In West Springfield

81 Exposition Terrace

$1,150,000

$305/SF

Building Size

3,769 SF

Asset Type

MultiFamily

Closing

Sep 10, 2024

About this deal

AI

A multifamily investment property located at 81 Exposition Terrace in West Springfield, MA, was sold for $1,150,000. This 10-unit asset consists of a 3-family building, a 5-unit apartment complex, a single-family home, and a heated garage. The building measures 3,769 square feet and features updated units along with solar panels, generating rental income from fully occupied units.

Summary of transaction details:

This transaction was facilitated by broker Viktoriya Gladysh from Gallagher Real Estate, representing the interests involved in the sale of this investment property. The deal involved the transfer of a fully occupied asset that effectively combines multiple rental properties under one ownership structure.

Players

Viktoriya Gladysh

Gallagher Real Estate

Broker

$1.2M

vol

1 deal

Broker

West Springfield MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $305 per square foot on a published $1.2M for 3,769 square feet (2024).

Visit Gallagher Real Estate to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

13.79%

Cash-on-Cash

-3.94%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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