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340 Main St
Worcester, MA 01608
SilverBrick SkyHouse · Multifamily Property For Sale
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312 Units
Investment Highlights
- 15-Year Tax Increment Exemption (TIE): Approved by Worcester City Council and projected to generate approximately $5.7M in real estate tax savings.
- Advanced Pre-Development Status: Architectural planning completed with building permit able to be reactivated through fee payment & documentation.
- Institutional-Scale 312-Unit Development: One of the largest entitled multifamily redevelopment opportunities in Downtown Worcester.
- Federally Designated Opportunity Zone: Provides capital gains deferral and potential tax-free appreciation benefits for qualified investors.
- 523-Unit Self-Storage Component: Approximately 13,800+ SF basement storage facility projected to generate $300K–$380K NOI annually.
- Strong Rent Growth & Boston Spillover: Worcester continues to benefit from strong rent growth and increasing demand driven by Boston’s commuter market
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Public Transportation
- Smoke Detector
Property Taxes
| Parcel Number | WORC-000003-000032-000021 | Improvements Assessment | $14,014,000 |
| Land Assessment | $165,000 | Total Assessment | $14,179,000 |
Property Taxes
Parcel Number
WORC-000003-000032-000021
Land Assessment
$165,000
Improvements Assessment
$14,014,000
Total Assessment
$14,179,000
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