Updated Oct 29, 2024
The United Group Of Companies Acquires MultiFamily Property In Worcester, MA For $4.9M
757 Salisbury St Worcester, MA 01609, USA
$4,900,000
$38/SF
Building Size
127,048 SF
Asset Type
MultiFamily
Closing
Jun 23, 2023
About this deal
AI
The multi-family property located at 757 Salisbury Street in Worcester, MA has been sold for a price of $4,900,000. The property consists of 123 units, with an average price per unit of $39,837. The total square footage of the property is 127,048, with a price per square foot of $39.
Summary of transation details
- Property Type: MultiFamily
- Transaction Amount: $4,900,000
- Units: 123
- Price per Unit: $39,837
- Square Footage: 127,048
- Price per Square Foot: $39
The buyer in this transaction is The United Group of Companies, Inc, while the seller is Premier Property Group. Acting as the seller's representatives are Bruce Lusa, Christopher Sower, Jonathan Bryant, John Flaherty, Kevin Jones, Julie Regan, and Mary VanNatta, who are affiliated with Cushman & Wakefield.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.24%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93