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31 Channing Street

CJC Properties Acquires Multifamily Asset From Premier Properties In Worcester For $1.45M
SOLDMultiFamily

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

James Kalogeropoulos

Re/Max

Broker

$22.1M

vol

6 deals

Broker
Premier Properties
Premier PropertiesSeller

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

10.94%

Cash-on-Cash

-3.13%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93