Updated Sep 5, 2024
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
About this deal
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.
On the Map
$1,993,000
$442/SF
Retail
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Players
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