Updated Dec 4, 2024
Danielle J McKahn Facilitates $1M Multifamily Sale In Northampton, MA
230 North Street & 234 North Street
$1,000,000
$135/SF
Building Size
3,700 SF
Asset Type
MultiFamily
Closing
Jun 20, 2024
About this deal
AI
A property at 230-234 North Street in Northampton, MA, features a Single Family House, Two-Family House, and 1.28 acres of cleared land. The property, built in 1900, spans 3,700 sq. ft. and recently sold for $1 million. The versatility and potential for development and renovation make it attractive to developers, owner occupants, and investors.
Summary of transation details:
- Property Type: Multifamily
- Transaction Amount: $1,000,000
- Units: 2
- Price Per Unit: $500,000
- Square Footage: 3,700
- Price Per Square Foot: $270
- Address: 230-234 North Street
- Market: Northampton, MA
Danielle J McKahn represented the buyer in this transaction, while Louis Poulin of Stuart St James acted as the seller's representative.
Players
Northampton 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
15.86%
Cash-on-Cash
-4.53%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93