Cedar Wood Realty Group Brokers $2.66M Multifamily Sale In Worcester, MA
SOLD
$2,660,000
Massachusetts
See Similar DealsMultiFamily12,576 SF
Sold 03/10/2022
SOLD
Cedar Wood Realty Group Brokers $2.66M Multifamily Sale In Worcester, MA
39 Grand St, Worcester, Massachusetts 01610, United States
See Similar DealsMultiFamily12,576 SF
Sold 03/10/2022
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$211
Total Square Footage:12,576 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$141,866.66
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$9,450.43
Cash-on-Cash Return-1.27%
Monthly Debt Service$12,609.76
Annual Debt Service$151,317.08
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