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
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