King of King & Newton, LLC brokers sale of two apartment buildings in Western Mass. totaling $2.284m

Springfield, MA St. James Apartments, located at 1309 St. James Ave., has been sold. Thomas King, CCIM of King & Newton, LLC represented the buyer, MFJ Enterprises, LLC, while Gary Witten of Marcus & Millichap represented the seller, Vista Estates, LLC, in this transaction. The property consists of 16 one-bedroom and eight two-bedroom units. The property sold for $1.55 million with a $1.164 million mortgage from Monson Savings Bank. 

In addition, King of King & Newton brokered the sale of Lantern Court Apartments for $1.12 million. The property consisted of one two-story brick buildings containing a total of 16 units. The building is located at 438 Springfield St. in the Feeding Hills section of Agawam, Mass. The property was 95% rented at time of sale. The property was sold by Young K. Kim, LLC to Jasnia Realty, LLC