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111 Woodland Street, Worces...

Updated Dec 20, 2023

Matthew Pierce Of Marcus & Millichap Sells 13-Unit Multifamily Property On Woodland Street In Worcester, MA For $2.1M
SOLDMultiFamily

Matthew Pierce Of Marcus & Millichap Sells 13-Unit Multifamily Property On Woodland Street In Worcester, MA For $2.1M

111 Woodland Street, Worcester, MA 01610

$2,100,000

$211/SF

Building Size

9,915 SF

Asset Type

MultiFamily

Closing

Oct 13, 2021

About this deal

AI

A multifamily property located at 111 Woodland Street in Worcester, MA, recently sold for a price of $2,100,000. The property consists of 13 units, resulting in a per unit price of $161,538.

Summary of transaction details:

  • Property Type: Multifamily
  • Sale Price: $2,100,000
  • Units: 13
  • Price Per Unit: $161,538

Matthew Pierce from Marcus & Millichap represented the buyer and/or seller in this transaction.

The multifamily sale at 111 Woodland Street, Worcester, MA 01610 in Worcester, Massachusetts sold for $2.1M in 2021. Reported inventory is 9,915 square feet across 13 units, or about 211 per square foot. Matthew Pierce, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Worcester, Massachusetts file for the 111 Woodland Street, Worcester, MA 01610 multifamily sold: 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 sold near 111 Woodland Street, Worcester, MA 01610 around 2021. Published consideration for 111 Woodland Street, Worcester, MA 01610 is $2.1M, dated 2021. Cite this Matthew Pierce Of Marcus & Millichap Sells 13-Unit Multifamily Property On Woodland Street In Worcester, MA For $2.1M sale when underwriting similar multifamily product around Worcester, Massachusetts.

Players

Matthew Pierce

Marcus & Millichap

Broker

$54.6M

vol

12 deals

Broker

Worcester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $211 per square foot on a published $2.1M for 9,915 square feet (2021).

Visit Matthew Pierce to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.55%

Cash-on-Cash

-2.16%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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