facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

5 Worcester Place

CP Property Group Acquires Multi-Family Property In Holyoke, MA For $1.5M
SOLDMultiFamily

CP Property Group Acquires Multi-Family Property In Holyoke, MA For $1.5M

5 Worcester Place & 23 Worcester Place

$1,500,000

$30/SF

Building Size

49,344 SF

Asset Type

MultiFamily

Closing

Aug 24, 2023

AI

A multi-family property located at 5 Worcester Place and 23 Worcester Place in Holyoke, MA was recently sold for $1.5 million. The property has a total square footage of 24,672 and a price per square foot of $61.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,500,000
  • SF: 24,672
  • PPSF: $61
  • Address: 5-23 Worcester Place, Holyoke, MA
  • Market: Holyoke, MA

Zuleika Rivera from CP Property Group, LLC served as the broker in this transaction.

Players

Zuleika Rivera

CP Property Group

Broker

$1.5M

vol

1 deal

Broker

Holyoke MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

10.58%

Cash-on-Cash

-3.02%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93