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121 Washington Street

Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.9M
SOLDMultiFamily

Jeffrey Kirchick & Julianne Parker Acquire Multifamily Property In Wellesley, MA For $1.9M

121 Washington Street

$1,915,000

$463/SF

Building Size

4,136 SF

Asset Type

MultiFamily

Closing

May 23, 2022

AI

A multifamily property located at 121 Washington St in Wellesley, MA has been sold. The property consists of 2 units with a total square footage of 4,136. The sale price for the property was $1,915,000, resulting in a price per unit of $957,500 and 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

The buyer of the property is Jeffrey Kirchick & Julianne Parker, while the seller is Washingon St Investments LLC. The deal was facilitated by the broker, Andrew Haddad.

Players

Andrew Haddad

Northeast Development & Investment

Broker

$33M

vol

15 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