Updated Dec 19, 2023
Marcus & Millichap Represents Sale Of Multifamily Property In Worcester, MA For $5.76M
267 Mill Street, Worcester, Massachusetts 01602, United States
$5,760,000
Units
32
Asset Type
MultiFamily
Closing
Jul 28, 2022
About this deal
AI
Located in Worcester, MA, the multifamily property at 267 Mill St has recently been sold in a closed transaction. The sale was facilitated by Matthew Pierce & Brendan Goostray from Marcus & Millichap.
Summary of transaction details:
- Property Type: Multifamily
- Sale Price: $5,760,000
- Units: 32
- Price per Unit: $180,000
Matthew Pierce & Brendan Goostray, representing Marcus & Millichap, played a crucial role in finalizing the deal. The transaction took place on 07/29/2022.
The multifamily sale at 267 Mill Street, Worcester, Massachusetts 01602, United States in Worcester, Massachusetts sold for $5.8M in 2022. Reported inventory is 32 units across 32 units. Brendan Goostray, Matthew Pierce, Marcus & Millichap appear on the sale alongside Marcus & Millichap. This page is the Worcester, Massachusetts file for the 267 Mill Street, Worcester, Massachusetts 01602, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same Worcester sit in the Market section below. Filter that Worcester multifamily set by closing date to see what else sold near 267 Mill Street, Worcester, Massachusetts 01602, United States around 2022. Published consideration for 267 Mill Street, Worcester, Massachusetts 01602, United States is $5.8M, dated 2022. Cite this Marcus & Millichap Represents Sale Of Multifamily Property In Worcester, MA For $5.76M sale when underwriting similar multifamily product around Worcester, Massachusetts.
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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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93