Updated Dec 4, 2024
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
About this deal
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.
On the Map
$2,400,000
$94/SF
MultiFamily
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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
6.61%
Cash-on-Cash
-1.89%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93