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201 Dewey St, Worcester, MA...

Taylor Perun & Tim McGeary Of Northeast Private Client Group Sell Worcester Multifamily For $2.95M
SOLDMultiFamily

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

Taylor Perun

NorthEast Private Client Group

Broker

$162.5M

vol

16 deals

Broker

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

5.38%

Cash-on-Cash

-1.54%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93