Updated Dec 4, 2024
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
24,672 SF
Asset Type
MultiFamily
Closing
Aug 24, 2023
About this deal
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.
The multifamily sale at 5 Worcester Place in Holyoke, Massachusetts sold for $1.5M in 2023. The building is 49,344 square feet, implying about 30 per square foot on the published price. Zuleika Rivera, CP Property Group appear on the sale alongside CP Property Group. This page is the Holyoke, Massachusetts file for the 5 Worcester Place multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Holyoke sit in the Market section below. Filter that Holyoke multifamily set by closing date to see what else sold near 5 Worcester Place around 2023. Published consideration for 5 Worcester Place is $1.5M, dated 2023. Cite this CP Property Group Acquires Multi-Family Property In Holyoke, MA For $1.5M sale when underwriting similar multifamily product around Holyoke, Massachusetts.
Players
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
10.58%
Cash-on-Cash
-3.02%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93