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41 Barclay Street

Alyssa Coyle & Brian Allen Facilitate $1.1M Sale Of Multifamily Property In Worcester
SOLDMultiFamily

Alyssa Coyle & Brian Allen Facilitate $1.1M Sale Of Multifamily Property In Worcester

41 Barclay Street

$1,100,000

$168/SF

Building Size

6,543 SF

Asset Type

MultiFamily

Closing

Mar 29, 2024

AI

A solid 6-family property at 41 Barclay St in Worcester, MA, was sold for $1,100,000, featuring 18 beds, 6 baths, and 6,543 sq ft of space. With all units offering 3 bedrooms, recent upgrades including forced hot air units and water heaters, and its proximity to Polar Park, MCPHS, and Umass Chan Medical School, this presents a great investment opportunity for investors.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $1,100,000
  • Units: 6
  • Price per Unit: $183,333
  • Square Footage: 6,543
  • Price per Square Foot: $168
  • Address: 41 Barclay Street, Worcester, MA
  • Market: Worcester, MA

Alyssa Coyle of StartPoint Realty acted as the buyer's representative, while Brian Allen of Property Investors & Advisors represented the seller in the transaction.

Players

Brian Allen

Property Investors & Advisors

Broker

$1.1M

vol

1 deal

Broker

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

14.42%

Cash-on-Cash

-4.12%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93