facebook
TradedTraded
    Home
    Search
    Closings
    Listings
    On Market
    Off Market
    Add a listing
    Vaults
    shh
    Rankings
    News
    Data
    Socials
    More


Messages

Go Pro
+ Submit+ Submit a Deal
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

16-22 Corning Ave, Worceste...

Premier Realty Group Acquires Multifamily Property In Worcester, MA For $1.12M
SOLDMultiFamily

Premier Realty Group Acquires Multifamily Property In Worcester, MA For $1.12M

16-22 Corning Ave, Worcester, Massachusetts, USA

$1,120,000

$231/SF

Building Size

4,832 SF

Asset Type

MultiFamily

Closing

Nov 22, 2021

AI

The multifamily property located at 16-22 Corning Ave in Worcester, MA has been sold for a total price of $1,120,000. The property spans an area of 4,832 square feet, resulting in a price per square foot of $343. The sale took place on November 22, 2021, and the transaction was facilitated by Arthur Berry of Worcester Homes as the seller's representative.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,120,000
  • Square Footage: 4,832
  • Price per Square Foot: $343
  • Address: 16-22 Corning Ave, Worcester, MA
  • Market: Worcester, MA

Won Ra of Premier Realty Group represented the buyer in this transaction, serving as their representative. The deal was successfully closed, and both parties involved can now celebrate a successful real estate transaction in Worcester, Massachusetts.

Players

Arthur Berry

Broker

$1.1M

vol

1 deal

Broker

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

14.16%

Cash-on-Cash

-4.05%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93