Arrowpoint Properties Acquires Worcester Multifamily For $17.25M With Broker Evan Griffith
SOLD
$17,250,000
Massachusetts
See Similar DealsMultiFamily
Sold 12/16/2022
SOLD
Arrowpoint Properties Acquires Worcester Multifamily For $17.25M With Broker Evan Griffith
38 Goldthwaite Road, Worcester, Massachusetts 01605, United States
See Similar DealsMultiFamily
Sold 12/16/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Transaction Type:Sale
The multifamily property located at 38-80 Goldthwaite Rd in Worcester, MA has been sold for a total price of $17,250,000. The transaction took place on 12/16/2022. The property consists of 92 units, with a per unit price of $187,500. Evan Griffith from Marcus & Millichap represented the seller in the deal.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $17,250,000
- Units: 92
- Price per Unit: $187,500
- Date: 12/16/2022
- Address: 38-80 Goldthwaite Rd, Worcester, MA
- Market: Worcester, MA
The buyer of the property is Arrowpoint Properties, represented by David Lamattina, Jay Goldberg, and Anthony Arone. Evan Griffith, from Marcus & Millichap, acted as the broker for the deal. The sale of this multifamily property marks a significant transaction in Worcester's real estate market.
Players
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$919,999.99
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$61,285.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$81,773.80
Annual Debt Service$981,285.61
Is there something missing? Send suggestions