Maurice Choi Acquires Retail Property On Pullman Street In Worcester
SOLD
$1,993,000
+ 2
Massachusetts
See Similar DealsRetail4,500 SF
Sold 12/20/2022
SOLD
Maurice Choi Acquires Retail Property On Pullman Street In Worcester
65 Pullman Street
See Similar DealsRetail4,500 SF
Sold 12/20/2022
+ 2
Summary
MASSACHUSETTS
Asset Type:Retail
Price Per Square Foot:$442
Total Square Footage:4,500 SF
Transaction Type:Sale
The retail property located at 65 Pullman Street in Worcester has been sold in a transaction totaling $1,993,000. The property spans 4,500 square feet, resulting in a price per square foot of $443.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $1,993,000
- Address: 65 Pullman Street
- Market: Worcester
- Square Footage: 4,500
Maurice Choi has purchased the property from John Glowik. The deal was facilitated by Alexander Machado, Daniel Gonzalez, Rob Goldberg, and Ben Snyder from Matthews Real Estate Investment Services.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$106,293.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$7,080.72
Cash-on-Cash Return-1.27%
Monthly Debt Service$9,447.84
Annual Debt Service$113,374.04
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