Larry Lacoste Sells Multifamily Property In Holyoke, MA For $3.3M
462 Maple Street & 11 School Street
$3,300,000
$34/SF
Building Size
94,626 SF
Asset Type
MultiFamily
Closing
Oct 31, 2023
AI
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.
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
4.81%
Cash-on-Cash
-1.37%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93