Massis Khoumjian, Nicholas Spagnola & Sean Packard Acquire Holyoke Multifamily For $1.1M
SOLD
$1,100,000
Massachusetts
See Similar DealsMultiFamily5,280 SF
Sold 12/30/2022
SOLD
Massis Khoumjian, Nicholas Spagnola & Sean Packard Acquire Holyoke Multifamily For $1.1M
1159 Dwight Street
See Similar DealsMultiFamily5,280 SF
Sold 12/30/2022
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.
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Deal Type
30 years
10 years
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
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