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.
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
14.16%
Cash-on-Cash
-4.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93