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93 Elm Street

Red Tree Real Estate Acquires Worcester Multifamily For $1M With Buyer's Rep Dino Bacoka & Seller's Rep James Kalogeropoulos
SOLDMultiFamily

Red Tree Real Estate Acquires Worcester Multifamily For $1M With Buyer's Rep Dino Bacoka & Seller's Rep James Kalogeropoulos

$1,000,000

$203/SF

Building Size

4,920 SF

Asset Type

MultiFamily

Closing

Jan 3, 2024

AI

A multifamily property located at 93 Elm Street in Worcester, MA, has been sold for a price of $1 million. The property spans approximately 4,920 square feet, resulting in a price per square foot of $203.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,000,000
  • Address: 93 Elm Street, Worcester, MA
  • Market: Worcester, MA

The buyer's representative in this transaction was Dino Bacoka from Red Tree Real Estate, while the seller's representative was James Kalogeropoulos from Re/Max.

Note: This sale involved Dino Bacoka representing the buyer from Red Tree Real Estate and James Kalogeropoulos representing the seller from Re/Max.

Players

Dino Bacoka

Red Tree Real Estate

Broker

$7.5M

vol

3 deals

Broker

Market 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

15.86%

Cash-on-Cash

-4.53%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93