Taylor Perun & Tim McGeary Of Northeast Private Client Group Sell Worcester Multifamily For $2.95M
SOLD
$2,950,000
Massachusetts
See Similar DealsMultiFamily12,768 SF
Sold 10/22/2020
SOLD
Taylor Perun & Tim McGeary Of Northeast Private Client Group Sell Worcester Multifamily For $2.95M
201 Dewey St, Worcester, MA 01610, USA
See Similar DealsMultiFamily12,768 SF
Sold 10/22/2020
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$231
Total Square Footage:12,768 SF
Transaction Type:Sale
A multifamily property located at 201 Dewey Street and 2 Delldale Street in Worcester, MA has been sold for a price of $2,950,000. The property consists of 31 units, resulting in a price per unit of $95,161. The transaction took place on October 22, 2020, and the property is characterized by a cap rate of 6.53%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,950,000
- Units: 31
- Price per Unit: $95,161
- Cap Rate: 6.53%
Taylor Perun and Tim McGeary from Northeast Private Client Group represented the parties involved in this transaction as brokers.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$157,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$10,480.74
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,984.51
Annual Debt Service$167,814.06
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