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65 Pullman Street

Maurice Choi Acquires Retail Property On Pullman Street In Worcester
SOLDRetail

Maurice Choi Acquires Retail Property On Pullman Street In Worcester

65 Pullman Street

$1,993,000

$442/SF

Building Size

4,500 SF

Asset Type

Retail

Closing

Dec 20, 2022

AI

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.

Players

Ben Snyder

Matthews

Broker

$118.1M

vol

11 deals

Broker

John Glowik

Seller

$3.5M

vol

2 deals

Seller

Worcester Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

7.96%

Cash-on-Cash

-2.27%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93