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1220 Adams Street

Elizabeth Schuster Acquires 133-Unit Multifamily Property In Dorchester For $41M With CBRE Brokers
SOLDMultiFamily

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.

Players

Simon Butler

CBRE

Broker

$2.5B

vol

33 deals

Broker

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