Updated Oct 28, 2024
13 Sudbury Realty LLC & Herman St Acquires Multifamily In Worcester, MA With $7.8M Loan
26 Hermon Street, Worcester, Massachusetts 01610, United States
$7,800,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 8, 2022
About this deal
AI
A multifamily property located at 26, 33, 39 Hermon Street, & 9 Harris Ct in Worcester, MA has recently been involved in a closed transaction. The property is owned by 13 Sudbury Realty LLC & Herman St, represented by Anthony Rossi. The market value of the property is undisclosed.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $7,800,000
Rockland Trust provided a loan of $7,800,000 for the transaction.
The multifamily loan at 26 Hermon Street, Worcester, Massachusetts 01610, United States in Worcester, Massachusetts financed for $7.8M in 2022. 26 Hermon Street, Worcester, Massachusetts 01610, United States is classified as Multifamily on Traded. Named participants on the 26 Hermon Street, Worcester, Massachusetts 01610, United States loan are Anthony Rossi. This page is the Worcester, Massachusetts file for the 26 Hermon Street, Worcester, Massachusetts 01610, United States multifamily financed: pricing, party profiles, and other closed multifamily comps from the same Worcester sit in the Market section below. Filter that Worcester multifamily set by closing date to see what else financed near 26 Hermon Street, Worcester, Massachusetts 01610, United States around 2022. Published consideration for 26 Hermon Street, Worcester, Massachusetts 01610, United States is $7.8M, dated 2022. Cite this 13 Sudbury Realty LLC & Herman St Acquires Multifamily In Worcester, MA With $7.8M Loan loan when underwriting similar multifamily product around Worcester, Massachusetts.
Players
Worcester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.03%
Cash-on-Cash
-0.58%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93