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462 Maple Street

Larry Lacoste Sells Multifamily Property In Holyoke, MA For $3.3M
SOLDMultiFamily

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

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.

Players

Michael Bradley

Horvath & Tremblay

Broker

$12.2M

vol

5 deals

Broker

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