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

Property Image
SOLD
$41,000,000

Massachusetts

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MultiFamily106,731 SF
Sold 12/18/2024
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Property Image
SOLD

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

1220 Adams Street

See Similar Deals
MultiFamily106,731 SF
Sold 12/18/2024
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$384
Total Square Footage:106,731 SF
Transaction Type:Sale

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
33 deals$2.5B volume
BROKER

Biria St. John
CBRE
32 deals$2.5B volume
BROKER

Details

SOLD
IMAGE: Simon Butler, Biria St. John, Chris Wyett, Jason Shulman & Elizabeth Schuster DATE: 12/18/2024 ADDRESS: 1220 Adams Street MARKET: Dorchester, MA ASSET TYPE: Multifamily BUYER: Elizabeth Schuster SELLER: Chris Wyett & Jason Shulman BROKERS: Simon Butler & Biria St. John - CBRE (@CBRE) SALE PRICE: $41,000,000 UNITS: 133 ~ PPU: $308,270 SF: 106,731 ~ PPSF: $384

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Net Operating Income (NOI)

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Debt Service Coverage Ratio (DSCR)

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