Arrowpoint Properties Acquires Multifamily Property In Worcester, MA For $26.7M
13 Brookside Avenue, Worcester, Massachusetts 01602, United States
$26,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2022
AI
The multifamily property located at 13 Brookside Ave in Worcester, MA has been sold for a total price of $26,700,000. The property consists of 120 units, resulting in a per unit price of $222,500.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $26,700,000
- Units: 120
- Price per Unit: $222,500
- Buyer: Arrowpoint Properties - David Lamattina & Jay Goldberg
- Sale Date: 09/16/2022
- Market: Worcester, MA
The buyer of the property is Arrowpoint Properties, represented by David Lamattina and Jay Goldberg. The transaction was completed on 09/16/2022.
Players
Worcester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93