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9 Chelsea Street

DND Homes Acquires Multifamily Asset In East Boston From Linear Retail For $5.6M
SOLDMultiFamily

DND Homes Acquires Multifamily Asset In East Boston From Linear Retail For $5.6M

9 Chelsea Street

$5,600,000

$297/SF

Building Size

18,800 SF

Asset Type

MultiFamily

Closing

Mar 12, 2025

AI

The property asset involved in this transaction is a multifamily building located at 9 Chelsea Street in East Boston, MA. The sale price was $5,600,000, and the total square footage of the asset is 18,800, resulting in a price per square foot of $297.

Summary of transaction details:

This transaction involved DND Homes as the buyer and Linear Retail as the seller. The representatives for the seller, from Cushman & Wakefield, include Bruce Lusa, Christopher Sower, John Flaherty, Jonathan Bryant, Kevin Jones, Julie Regan, and Mary VanNatta, who facilitated the deal.

Players

Bruce Lusa

Cushman & Wakefield

Broker

$899.9M

vol

62 deals

Broker
LL
Linear Retail Properties, LLCSeller

East Boston 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

2.83%

Cash-on-Cash

-0.81%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93