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Hongfang Yang Acquires 16-Unit Multifamily In Holyoke, MA For $1.47M

Property Image
SOLD
$1,465,000
Michael Bradley
+ 1

Ohio

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MultiFamily20,332 SF
Sold 11/29/2022
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Property Image
SOLD

Hongfang Yang Acquires 16-Unit Multifamily In Holyoke, MA For $1.47M

101-105 Elm St

See Similar Deals
MultiFamily20,332 SF
Sold 11/29/2022
Michael Bradley
+ 1
Contact now

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.

Players

Ryan Benton
10 deals$38.1M volume
BROKER

Michael Bradley
Horvath & Tremblay
5 deals$12.2M volume(781) 300-2502
BROKER


2 deals$2.9M volume
SELLER

Details

SOLD
IMAGE: Ryan Benton & Michael Bradley DATE: 11/28/2022 ADDRESS: 101-105 Elm Street MARKET: Holyoke, MA ASSET TYPE: Multifamily BUYER: Hongfang Yang SELLER: Jiao Qingsheng BROKERS: Michael Bradley & Ryan Benton - Horvath & Tremblay SALE PRICE: $1,465,000 UNITS: 16 ~ PPU: $91,563 SF: 20,332 ~ PPSF: $72

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$5,204.85
Cash-on-Cash Return-1.27%
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