Massis Khoumjian, Nicholas Spagnola & Sean Packard Acquire Holyoke Multifamily For $1.1M
1159 Dwight Street
$1,100,000
$208/SF
Building Size
5,280 SF
Asset Type
MultiFamily
Closing
Dec 30, 2022
AI
A multifamily property located at 1159 Dwight Street in Holyoke has been sold for $1,100,000. The property consists of 22 units with an average price per unit of $50,000. The total square footage of the property is 5,280, resulting in a price per square foot of $208.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Market: Holyoke
- Buyer: Massis Khoumjian, Nicholas Spagnola & Sean Packard
- Seller: Charlie Davignon
- Units: 22
- Price per Unit: $50,000
- Square Footage: 5,280
- Price per Square Foot: $208
Massis Khoumjian, Nicholas Spagnola, and Sean Packard were the buyers involved in the transaction. The seller was Charlie Davignon.
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93