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728 Hampden Street

Massis Khoumjian, Nicholas Spagnola & James Pesuit Acquire 24-Unit Multifamily In Holyoke, MA For $2.4M
SOLDMultiFamily

Massis Khoumjian, Nicholas Spagnola & James Pesuit Acquire 24-Unit Multifamily In Holyoke, MA For $2.4M

728 Hampden Street

$2,400,000

$94/SF

Building Size

25,280 SF

Asset Type

MultiFamily

Closing

Sep 29, 2023

AI

The multifamily property located at 728 Hampden Street in Holyoke, MA has been sold for a total price of $2,400,000. This property consists of 24 units, with a price per unit of $100,000. The total square footage of the property is 25,280, with a price per square foot of $95.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $2,400,000
  • Units: 24
  • Price per Unit: $100,000
  • Square Footage: 25,280
  • Price per Square Foot: $95
  • Address: 728 Hampden Street, Holyoke, MA
  • Market: Holyoke, MA

The buyer of this property includes Massis Khoumjian, Nicholas Spagnola, and James Pesuit. They worked with their respective broker representative, Paul Gallagher from Gallagher Real Estate, to complete this transaction. The seller of the property is Frank Mcintyre.

Players

Paul Gallagher

Gallagher Real Estate

Broker

$5.4M

vol

3 deals

Broker

Nicholas Spagnola

Buyer

$3.5M

vol

2 deals

Buyer

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

6.61%

Cash-on-Cash

-1.89%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93