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1159 Dwight Street

Massis Khoumjian, Nicholas Spagnola & Sean Packard Acquire Holyoke Multifamily For $1.1M
SOLDMultiFamily

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

Nicholas Spagnola

Buyer

$3.5M

vol

2 deals

Buyer

Holyoke MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

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