The United Group Of Companies Acquires MultiFamily Property In Worcester, MA For $4.9M
SOLD
$4,900,000
+ 4
Massachusetts
See Similar DealsMultiFamily127,048 SF
Sold 06/23/2023
SOLD
The United Group Of Companies Acquires MultiFamily Property In Worcester, MA For $4.9M
757 Salisbury St Worcester, MA 01609, USA
See Similar DealsMultiFamily127,048 SF
Sold 06/23/2023
+ 4
Summary
MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$38
Total Square Footage:127,048 SF
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$261,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,408.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,228.50
Annual Debt Service$278,742.00
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