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

Property Image
SOLD
$2,400,000

Massachusetts

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MultiFamily25,280 SF
Sold 09/29/2023
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Property Image
SOLD

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

728 Hampden Street

See Similar Deals
MultiFamily25,280 SF
Sold 09/29/2023
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$94
Total Square Footage:25,280 SF
Transaction Type:Sale

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
2 deals$4.1M volume(413) 218-4899
BROKER

Details

SOLD
IMAGE: Nicholas Spagnola, Paul Gallagher & Massis Khoumjian DATE: 09/29/2023 ADDRESS: 728 Hampden Street MARKET: Holyoke, MA ASSET TYPE: Multifamily BUYER: Massis Khoumjian (@Realtor_Massis), Nicholas Spagnola (@NickSpagOfficial) & James Pesuit SELLER: Frank Mcintyre BROKER: Paul Gallagher (@ThePaulGallagher) - Gallagher Real Estate (@GallagherRealEstate) SALE PRICE: $2,400,000 UNITS: 24 ~ PPU: $100,000 SF: 25,280 ~ PPSF: $95

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$127,999.99

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$8,526.70
Cash-on-Cash Return-1.27%
Monthly Debt Service$11,377.22
Annual Debt Service$136,526.69