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101 Elm Street, Holyoke, Ma...

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

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

Ryan Benton

Horvath & Tremblay

Broker

$38.1M

vol

10 deals

Broker

Hongfang Yang

Buyer

$3.5M

vol

3 deals

Buyer

Jiao Qingsheng

Seller

$2.9M

vol

2 deals

Seller

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