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Hongfang Yang Acquires Multifamily Property In Holyoke, MA For $1.46M

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SOLD
$1,465,000

Massachusetts

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MultiFamily20 SF
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SOLD

Hongfang Yang Acquires Multifamily Property In Holyoke, MA For $1.46M

101 Elm Street, Holyoke, Massachusetts 01040, United States

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MultiFamily20 SF
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$73,250
Total Square Footage:20 SF
Transaction Type:Sale

The multifamily property located at 101-105 Elm Street in Holyoke, MA has been sold. The sale was completed on November 28, 2022. The property consists of 16 units with a total square footage of 20,332. The sale price for the property was $1,465,000, resulting in a price per unit of $91,563 and a price per square foot of $72.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,465,000
  • Address: 101-105 Elm Street, Holyoke, MA
  • Market: Holyoke, MA
  • Units: 16
  • Square Footage: 20,332

Hongfang Yang purchased the property from Jiao Qingsheng. The buyer was represented by Michael Bradley & Ryan Benton from Horvath & Tremblay.

Players

Ryan Benton
10 deals$38.1M volume
BROKER


2 deals$2.9M volume
SELLER

Details

SOLD
IMAGE: Ryan Benton & Michael Bradley DATE: 11/28/2022 ADDRESS: 101-105 Elm Street MARKET: Holyoke, MA ASSET TYPE: Multifamily BUYER: Hongfang Yang SELLER: Jiao Qingsheng BROKERS: Michael Bradley & Ryan Benton - Horvath & Tremblay SALE PRICE: $1,465,000 UNITS: 16 ~ PPU: $91,563 SF: 20,332 ~ PPSF: $72

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,204.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,944.85
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