Updated Dec 21, 2023
Cedar Wood Realty Group Brokers $2.66M Multifamily Sale In Worcester, MA
39 Grand St, Worcester, Massachusetts 01610, United States
$2,660,000
$211/SF
Building Size
12,576 SF
Asset Type
MultiFamily
Closing
Mar 9, 2022
About this deal
AI
A multifamily property located at 39-43 Grand St in Worcester, MA has been sold for $2,660,000. The property spans a total of 12,576 square feet, resulting in a price per square foot of $212. The sale was facilitated by Christine Najem of Cedar Wood Realty Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,660,000
- Address: 39-43 Grand St, Worcester, MA
- Market: Worcester, MA
- BROKER: Christine Najem - Cedar Wood Realty Group
- SF: 12,576
- PPSF: $212
Christine Najem from Cedar Wood Realty Group played a pivotal role in ensuring the successful completion of this transaction.
On the Map
$2,660,000
$211/SF
MultiFamily
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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
5.96%
Cash-on-Cash
-1.70%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93