CJC Properties Acquires Multifamily Asset From Premier Properties In Worcester For $1.45M
31 Channing Street
$1,450,000
$199/SF
Building Size
7,253 SF
Asset Type
MultiFamily
Closing
Feb 20, 2026
AI
The property asset involved in this transaction is a MultiFamily building located at 31 Channing Street in Worcester, MA. The sale price was $1,450,000, and the property consists of 6 units with a total square footage of 7,253. The price per unit is $241,666, and the price per square foot stands at $199.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $1,450,000
- Units: 6
- Square Footage: 7,253
- Price per Unit: $241,666
- Price per Square Foot: $199
- Buyer: CJC Properties
- Seller: Premier Properties
- Broker: James Kalogeropoulos - Re/Max
Key individuals in this transaction include CJC Properties as the buyer and Premier Properties as the seller. James Kalogeropoulos from Re/Max represents the broker in this deal.
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
10.94%
Cash-on-Cash
-3.13%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93