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CP Property Group Acquires Multi-Family Property In Holyoke, MA For $1.5M
SOLD
$1,500,000
Massachusetts
See Similar DealsMultiFamily49,344 SF
Sold 08/24/2023
SOLD
CP Property Group Acquires Multi-Family Property In Holyoke, MA For $1.5M
5 Worcester Place & 23 Worcester Place
See Similar DealsMultiFamily49,344 SF
Sold 08/24/2023
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$30
Total Square Footage:49,344 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$79,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,329.19
Cash-on-Cash Return-1.27%
Monthly Debt Service$7,110.77
Annual Debt Service$85,329.18
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