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101-105 Elm St

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

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

101-105 Elm St

$1,465,000

$72/SF

Building Size

20,332 SF

Asset Type

MultiFamily

Closing

Nov 29, 2022

AI

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

Horvath & Tremblay

Broker

$38.1M

vol

10 deals

Broker

Hongfang Yang

Buyer

$3.5M

vol

3 deals

Buyer

Jiao Qingsheng

Seller

$2.9M

vol

2 deals

Seller

Cincinnati 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

10.83%

Cash-on-Cash

-3.09%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93