facebook

traded

+ Submit
Home

/

Deals

/

Massachusetts

/

Multifamily

/

Sale

/

39 Wall Street

Andrew Freed Acquires Multifamily Property On 39 Wall Street, Worcester For $1.3M
SOLDMultiFamily

Andrew Freed Acquires Multifamily Property On 39 Wall Street, Worcester For $1.3M

39 Wall Street

$1,300,000

$138/SF

Building Size

9,369 SF

Asset Type

MultiFamily

Closing

May 24, 2024

AI

39 Wall St in Worcester, MA 01604 is a spacious 10-unit multifamily property that was recently sold for $1,300,000. Each unit in this property offers separate gas and electric utilities, providing significant potential for rental revenue growth. With 5 rooms, 3 bedrooms, and 1 bathroom per unit, this property presents an attractive investment opportunity in the Worcester market.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,300,000
  • Units: 10
  • Price Per Unit: $130,000
  • Square Footage: 9,369
  • Price Per Square Foot: $139
  • Address: 39 Wall Street
  • Market: Worcester, MA

Andrew Freed fromFour Points Real Estate represented the buyer, while Alexander Colarusso from Colarusso Realty represented the seller in this transaction.

Players

Alexander Colarusso

Colarusso Realty

Broker

$4.3M

vol

3 deals

Broker

Worcester MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

12.20%

Cash-on-Cash

-3.49%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93