Hongfang Yang Acquires Multifamily Property In Holyoke, MA For $1.46M
101 Elm Street, Holyoke, Massachusetts 01040, United States
$1,465,000
$73,250/SF
Building Size
20 SF
Asset Type
MultiFamily
Closing
Apr 17, 2023
AI
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
Holyoke MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
10.83%
Cash-on-Cash
-3.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93