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8 Lanesboro Road

Mikhail Glazomitsky Purchases Worcester Multifamily From Premier Investment For $3 Million
SOLDMultiFamily

Mikhail Glazomitsky Purchases Worcester Multifamily From Premier Investment For $3 Million

8 Lanesboro Road

$3,000,000

$283/SF

Building Size

10,568 SF

Asset Type

MultiFamily

Closing

Feb 26, 2026

AI

The property asset involved in this transaction is a multifamily building located at 8 Lanesboro Road in Worcester, MA. The sale price for this asset was $3,000,000. The building contains 12 units, offering a price per unit of $250,000, and has a total square footage of 10,568 with a price per square foot of $283.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,000,000
  • Units: 12
  • Price Per Unit: $250,000
  • Square Footage: 10,568
  • Price Per Square Foot: $283
  • Buyer: Mikhail Glazomitsky
  • Seller: Premier Investment
  • Buyer's Representative: Dino Bacoka - Red Tree Real Estate
  • Seller's Representative: James Kalogeropoulos - Re/Max

The transaction involved the buyer Mikhail Glazomitsky purchasing the property from Premier Investment, with representation by Dino Bacoka from Red Tree Real Estate. The seller was represented by James Kalogeropoulos from Re/Max, facilitating the deal in Worcester's real estate market.

Players

Dino Bacoka

Red Tree Real Estate

Broker

$7.5M

vol

3 deals

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

5.29%

Cash-on-Cash

-1.51%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93