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
Wellesley Hills MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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