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180 Pleasant Street

Jay Patel & Associates Acquires 180 Pleasant Street Mixed-Use Property From Michael Michon For $9.75M
SOLDMixed-use

Jay Patel & Associates Acquires 180 Pleasant Street Mixed-Use Property From Michael Michon For $9.75M

180 Pleasant Street

$9,750,000

$101/SF

Building Size

96,200 SF

Asset Type

Mixed-use

Closing

Nov 12, 2025

AI

180 Pleasant Street is a mixed-use mill located in Easthampton, MA, featuring a total square footage of 96,200. The property consists of 25 apartments and 60,000 square feet of commercial space. The transaction was completed at a price of $9,750,000, resulting in a price per square foot of $101.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $9,750,000
  • Address: 180 Pleasant Street
  • Market: Easthampton, MA
  • Total Square Footage: 96,200
  • Price Per Square Foot: $101
  • Buyer: Jay Patel & Associates
  • Seller: Michael Michon
  • Brokers: Tim McGeary & Taylor Perun - NorthEast Private Client Group

Tim McGeary and Taylor Perun represented the seller, Michael Michon, in this transaction, successfully securing buyers Jay Patel and Associates, who are expanding their portfolio in central Hampshire County.

Players

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker
NorthEast Private Client Group
NorthEast Private Client GroupBrokerage

Easthampton Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

1.63%

Cash-on-Cash

-0.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93