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
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