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38 Goldthwaite Road, Worces...

Arrowpoint Properties Acquires Worcester Multifamily For $17.25M With Broker Evan Griffith
SOLDMultiFamily

Arrowpoint Properties Acquires Worcester Multifamily For $17.25M With Broker Evan Griffith

38 Goldthwaite Road, Worcester, Massachusetts 01605, United States

$17,250,000

Building Size

Asset Type

MultiFamily

Closing

Dec 16, 2022

AI

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

Evan Griffith

Marcus & Millichap

Broker

$388M

vol

65 deals

Broker
Jay Goldberg

Jay Goldberg

Arrowpoint Properties

Buyer

$87.1M

vol

13 deals

Buyer
AP
Arrowpoint PropertiesBuyer

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

0.92%

Cash-on-Cash

-0.26%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93