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June 20, 2022

D.C. firm invests in historic Main St. apartment building

Photo | Timothy Doyle 776 Main St., Worcester

Washington, D.C. property investor Kuma Realty is executing on Central Massachusetts expansion plans with a $1.8-million purchase of a three-story multi-family dwelling built in 1880 and once dubbed one of the worst properties in Worcester.

The seller of the 776 Main St. property was an entity registered to Vitaly Evdokimov of Ashland, who purchased the site in 2017 for $420,250, according to the Worcester Registry of Deeds. Evdokimov is the president of telecommunications contractor Digital City Technology Inc. in Ashland, according to his LinkedIn profile.

The Main Street property was last assessed by the City of Worcester for $847,700. In 2017, Worcester Magazine named it the second worst property in Worcester, based on the building’s management prior to Evdokimov. 

Kuma Realty invests in properties in Central Massachusetts and Metro Boston. Among its Central Massachusetts holdings are apartment complexes in Gardner, Marlborough, Hopedale and Austin St. in Worcester.

It owns and manages the 145,008 square foot Kuma Industrial Park in Leominster, according to its website. The firm is actively seeking to expand its presence in the area. 

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