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
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