facebook
Traded Co logo
Submit

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

Property Image
SOLD
$1,120,000
Won Ra
Arthur Berry

Massachusetts

See Similar Deals
MultiFamily4,832 SF
Sold
the dealplayerscompscontact
Property Image
SOLD

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

16-22 Corning Ave, Worcester, Massachusetts, USA

See Similar Deals
MultiFamily4,832 SF
Sold
Won Ra
Arthur Berry
the dealplayerscompscontact
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$231
Total Square Footage:4832 SF
Transaction Type:Sale

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
Arthur Berry
1 deal$1.1M volume
BROKER
Won Ra
Won Ra
3 deals$3.6M volume
BROKER

Details

SOLD
IMAGE: Arthur Berry DATE: 11/22/2021 ADDRESS: 16-22 Corning Ave MARKET: Worcester, MA ASSET TYPE: Multifamily BUYER'S REP: Won Ra - Premier Realty Group SELLER'S REP: Arthur Berry - Worcester Homes SALE PRICE: $1,120,000 SF: 4,832 ~ PPSF: $343

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$59,733.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$3,979.12
Cash-on-Cash Return-1.27%
Monthly Debt Service$5,309.37
Annual Debt Service$63,712.46