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

Property Image
SOLD
$3,000,000

Massachusetts

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MultiFamily10,568 SF
Sold 02/27/2026
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Property Image
SOLD

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

8 Lanesboro Road

See Similar Deals
MultiFamily10,568 SF
Sold 02/27/2026
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Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$283
Total Square Footage:10,568 SF
Transaction Type:Sale

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
3 deals$7.5M volume
BROKER

James Kalogeropoulos
Re/Max
6 deals$22.1M volume(774) 696-1810
BROKER

Details

SOLD
IMAGE: James Kalogeropoulos & Dino Bacoka DATE: 2/27/2026 ADDRESS: 8 Lanesboro Road MARKET: Worcester, MA ASSET TYPE: Multifamily BUYER: Mikhail Glazomitsky SELLER: Premier Investment BUYER'S REP: Dino Bacoka - Red Tree Real Estate (@RedTreeBoston) SELLER'S REP: James Kalogeropoulos (@JimmyKRE) - Re/Max SALE PRICE: $3,000,000 UNITS: 12 ~ PPU: $250,000 SF: 10,568 ~ PPSF: $283

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$160,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,658.36
Cash-on-Cash Return-1.27%
Monthly Debt Service$14,221.53
Annual Debt Service$170,658.37