Updated Dec 21, 2023
Excelsior Realty Acquires Worcester Multifamily For $1.01M
42 Stafford Street, Worcester, Massachusetts 01603, United States
$1,010,000
$122/SF
Building Size
8,232 SF
Asset Type
MultiFamily
Closing
Apr 28, 2022
About this deal
AI
An 8,232 square foot multifamily property located at 42-44 Stafford St in Worcester, MA, was recently sold for $1,010,000. The sale was facilitated by Otis Hai Tat from Excelsior Realty, representing the buyer, and Jared Meehan from RE/MAX Bell Park Realty, representing the seller. The property was sold on April 29, 2022. The price per square foot for this transaction was $123.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,010,000
- Date: 04/29/2022
- Address: 42-44 Stafford St
- Market: Worcester, MA
Otis Hai Tat from Excelsior Realty acted as the buyer's representative in this deal, while Jared Meehan from RE/MAX Bell Park Realty represented the seller.
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
15.71%
Cash-on-Cash
-4.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93