Nicholas Spagnola & Massis Khoumjian Acquire Multifamily Asset In Holyoke For $1.367M
164 Hampshire Street
$1,367,000
$60/SF
Building Size
22,500 SF
Asset Type
MultiFamily
Closing
Feb 6, 2026
AI
The asset involved in the transaction is a multifamily property located at 164 Hampshire Street in Holyoke, MA. The property, comprising 25 units, spans a total square footage of 22,500. The sale was finalized for a price of $1,367,000, resulting in a price per unit of $54,680 and a price per square foot of $60.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,367,000
- Units: 25
- Square Footage: 22,500
- Price Per Unit: $54,680
- Price Per Square Foot: $60
- Buyer: Nicholas Spagnola & Massis Khoumjian
- Buyer's Representative: Massis Khoumjian - Coldwell Banker
- Transaction Date: 2/6/2026
The transaction involves Nicholas Spagnola and Massis Khoumjian as the buyers, with Massis Khoumjian also serving as their representative through Coldwell Banker. The specific details of the representation highlight the professional involvement in facilitating the deal.
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
11.60%
Cash-on-Cash
-3.32%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93