Elizabeth Schuster Acquires 133-Unit Multifamily Property In Dorchester For $41M With CBRE Brokers
1220 Adams Street
$41,000,000
$384/SF
Building Size
106,731 SF
Asset Type
MultiFamily
Closing
Dec 18, 2024
AI
The multifamily asset located at 1220 Adams Street in Dorchester, MA, has been sold for $41,000,000. The property consists of 133 units, providing a price per unit of $308,270. It encompasses a total square footage of 106,731, resulting in a price per square foot of $384.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $41,000,000
- Units: 133
- Price Per Unit: $308,270
- Square Footage: 106,731
- Price Per Square Foot: $384
- Buyer: Elizabeth Schuster
- Seller: Chris Wyett & Jason Shulman
- Brokers: Simon Butler & Biria St. John - CBRE
Elizabeth Schuster acted as the buyer in this transaction, while Chris Wyett and Jason Shulman were the sellers. The deal was facilitated by brokers Simon Butler and Biria St. John of CBRE.
Dorchester Center 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
0.39%
Cash-on-Cash
-0.11%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93