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121 Washington Street

Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.915M
SOLDMultiFamily

Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.915M

121 Washington Street

$1,915,000

$463/SF

Building Size

4,136 SF

Asset Type

MultiFamily

Closing

May 23, 2022

AI

The multifamily property located at 121 Washington St in Wellesley, MA has been sold in a closed transaction. The sale was facilitated by George Wu from Coldwell Banker, who represented the buyers, Jeffrey Kirchick and Julianne Parker. The property was sold by Washingon St Investments LLC. The sale took place on May 24, 2022, for a total price of $1,915,000. The property consists of 2 units, with a price per unit of $957,500. The total square footage of the property is 4,136, resulting in a price per square foot of $463.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $1,915,000
  • Address: 121 Washington St, Wellesley, MA
  • Market: Wellesley, MA
  • Buyer: Jeffrey Kirchick & Julianne Parker
  • Seller: Washingon St Investments LLC
  • Buyer's Rep: George Wu - Coldwell Banker
  • Units: 2
  • Price per Unit: $957,500
  • Square Footage: 4,136
  • Price per Square Foot: $463

This transaction showcases the successful collaboration between Jeffrey Kirchick, Julianne Parker, Washingon St Investments LLC, and George Wu from Coldwell Banker. The buyers, represented by Wu, acquired this multifamily property in Wellesley, MA for a significant price of $1,915,000. With a total of 2 units, this property offers ample space for residential purposes. The property's square footage of 4,136 provides plenty of room for comfortable living. The transaction demonstrates the demand and value of multifamily properties in the Wellesley, MA market.

Players

George Wu

Coldwell Banker

Broker

$10.2M

vol

6 deals

Broker

Jeffrey Kirchick

Buyer

$3.8M

vol

2 deals

Buyer
WL
Washingon St Investments LLCSeller

Wellesley Hills MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

8.28%

Cash-on-Cash

-2.37%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93