Hongfang Yang Acquires 16-Unit Multifamily In Holyoke, MA For $1.47M
SOLD
$1,465,000
MultiFamily20,332 SF
Sold 11/29/2022
SOLD
Hongfang Yang Acquires 16-Unit Multifamily In Holyoke, MA For $1.47M
101-105 Elm St
See Similar DealsMultiFamily20,332 SF
Sold 11/29/2022
Summary
OHIO
Asset Type:MultiFamily
Price Per Square Foot:$72
Total Square Footage:20,332 SF
Transaction Type:Sale
The multifamily property located at 101-105 Elm Street in Holyoke, MA has been sold for a transaction amount of $1,465,000. This property consists of 16 units with a price per unit of $91,563. The total square footage of the property is 20,332, and the price per square foot is $72.
Summary of Transaction Details
- Property Type: Multifamily
- Transaction Amount: $1,465,000
- Address: 101-105 Elm Street, Holyoke, MA
- Market: Holyoke, MA
- Units: 16
- Price Per Unit: $91,563
- Total Square Footage: 20,332
- Price Per Square Foot: $72
The buyer of the property is Hongfang Yang, and the seller is Jiao Qingsheng. The brokers involved in this transaction are Michael Bradley and Ryan Benton from Horvath & Tremblay.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$78,133.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$5,204.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$6,944.85
Annual Debt Service$83,338.17
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