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
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