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

Property Image
SOLD
$1,100,000

Massachusetts

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MultiFamily5,280 SF
Sold 12/30/2022
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Property Image
SOLD

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

1159 Dwight Street

See Similar Deals
MultiFamily5,280 SF
Sold 12/30/2022
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$208
Total Square Footage:5,280 SF
Transaction Type:Sale

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

2 deals$3.5M volume
BUYER

Details

SOLD
IMAGE: Massis Khoumjian, Nicholas Spagnola & Sean Packard DATE: 12/30/2022 ADDRESS: 1159 Dwight Street MARKET: Holyoke ASSET TYPE: Multifamily BUYER: Massis Khoumjian, Nicholas Spagnola & Sean Packard SELLER: Charlie Davignon SALE PRICE: $1,100,000 UNITS: 22 ~ PPU: $50,000 SF: 5,280 ~ PPSF: $208

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$58,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,908.06
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,214.56
Annual Debt Service$62,574.73