Updated Dec 21, 2023
Cedar Wood Realty Group Sells Multifamily Property At 205 Millbury St. Worcester For $1.1M
205 Millbury Street, Worcester, MA, USA
$1,100,000
$111/SF
Building Size
9,900 SF
Asset Type
MultiFamily
Closing
Apr 8, 2021
About this deal
AI
A multifamily property located at 205 Millbury Street in Worcester, MA has been sold for $1,100,000. The property spans 9,900 square feet, with a price per square foot of $111. The sale was facilitated by Charbel Najem from Cedar Wood Realty Group.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,100,000
- Address: 205 Millbury Street
- Market: Worcester, MA
- Square Footage: 9,900
- Price Per Square Foot: $111
- Broker: Charbel Najem - Cedar Wood Realty Group
Charbel Najem from Cedar Wood Realty Group played a key role in the successful sale of this multifamily property at 205 Millbury Street in Worcester, MA.
Players
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
14.42%
Cash-on-Cash
-4.12%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93