SOLDMultiFamily
Michael Bradley Of Horvath & Tremblay Arranges Sale Of Multifamily Property In Springfield For $14.25M
122 Chestnut Street
$14,250,000
Building Size
—
Asset Type
MultiFamily
Closing
Jun 22, 2026
AI
A 114-unit multifamily property located at 122 Chestnut Street in Springfield, MA, was sold for $14.25 million. The property type is multifamily, with a price per unit of $125,000.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $14,250,000
- Units: 114
- Price Per Unit: $125,000
- Date of Sale: 06/22/2026
- Broker: Michael Bradley - Horvath & Tremblay
Michael Bradley of Horvath & Tremblay arranged the sale of Silver Brick Square, facilitating the transaction of this multifamily asset in the Springfield market.
Chestnut MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.11%
Cash-on-Cash
-0.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93