Taylor Perun & Tim McGeary Of Northeast Private Client Group Sell Worcester Multifamily For $2.95M
201 Dewey St, Worcester, MA 01610, USA
$2,950,000
$231/SF
Building Size
12,768 SF
Asset Type
MultiFamily
Closing
Oct 21, 2020
AI
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.
Players
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
5.38%
Cash-on-Cash
-1.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93