Marcus & Millichap Represents Sale Of Multifamily Property In Worcester, MA For $5.76M
267 Mill Street, Worcester, Massachusetts 01602, United States
$5,760,000
Building Size
—
Asset Type
MultiFamily
Closing
Jul 28, 2022
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.
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
2.75%
Cash-on-Cash
-0.79%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93