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News: Front Section
Posted: August 4, 2009
Cawley and Braun of United Multi Family broker $962,500 sale of 5-unit apartment building
United Multi Family brokered the sale of a 5 unit apartment building at 209 West Springfield St., for $962,500.
Handled by Richard Cawley and Jason Braun of the New England office, the brick residences were built in 1899 and sold by Victor and Norvene Browne to A&M Realty with financing provided by Peoples Bank. The CAP rate at the time of sale was 3.13% with the property having a gross annual income of $57,900.
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