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13 Brookside Avenue, Worces...

Arrowpoint Properties Acquires Multifamily Property In Worcester, MA For $26.7M
SOLDMultiFamily

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

Jay Goldberg

Arrowpoint Properties

Buyer

$87.1M

vol

13 deals

Buyer

Worcester 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

0.59%

Cash-on-Cash

-0.17%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93