–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in Chicopee, Massachusetts–
Newton, MA (April 4, 2022) – Northeast Private Client Group® (NEPCG) has announced the sale of Columba Court in Chicopee, MA.
Senior Associate Taylor Perun represented the seller and procured the buyer for the multifamily transaction.
Columba Court, located in Chicopee, Massachusetts, sold for $3,875,000, equating to $121,094 per unit and a cap rate of 6.45%. The 32-unit multifamily property sits in the heart of Chicopee and consists of sixteen one-bedroom apartments and sixteen two-bedroom apartments. The apartments have off-street parking and laundry facilities. Columba Court is professionally managed and maintained; nearly all units received recent upgrades, including new carpeting, kitchens, and bathrooms.
Senior Associate Taylor Perun has closed a sale volume of over $184 million across 93 transactions. Perun specializes in multifamily real estate portfolios, offices, shopping centers, and retail/mixed-use properties throughout Connecticut and Massachusetts.
“Chicopee and Western, MA remain a highly sought-after area to own multifamily properties. Much of this is a combination of renter demand and low inventory. The turnover in legacy ownership has allowed new investors to realize generous upside potential through raising historically low rents to market levels.” – Taylor Perun, Senior Associate.
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
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