Larry Lacoste Sells Multifamily Property In Holyoke, MA For $3.3M
SOLD
$3,300,000
Massachusetts
See Similar DealsMultiFamily94,626 SF
Sold 10/31/2023
SOLD
Larry Lacoste Sells Multifamily Property In Holyoke, MA For $3.3M
462 Maple Street & 11 School Street
See Similar DealsMultiFamily94,626 SF
Sold 10/31/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$34
Total Square Footage:94,626 SF
Transaction Type:Sale
The multifamily property located at 462 Maple Street & 11 School Street in Holyoke, MA has been sold. The transaction took place on October 31, 2023. The property consists of 55 units, with a price per unit (PPU) of $60,000. It spans a total area of 47,313 square feet, with a price per square foot (PPSF) of $70.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $3,300,000
- Seller: Larry Lacoste
- Broker: Michael Bradley - Horvath & Tremblay
The property was sold for a total price of $3,300,000. Larry Lacoste served as the seller in this transaction, with Michael Bradley from Horvath & Tremblay acting as the broker. The deal was successfully closed, highlighting the expertise of the involved parties.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$175,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$11,724.21
Cash-on-Cash Return-1.27%
Monthly Debt Service$15,643.68
Annual Debt Service$187,724.20
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