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

Property Image
SOLD
$5,600,000
Julie Regan
Kevin Jones
+ 4

Massachusetts

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MultiFamily18,800 SF
Sold 03/12/2025
the dealplayerscompscontact
Property Image
SOLD

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

9 Chelsea Street

See Similar Deals
MultiFamily18,800 SF
Sold 03/12/2025
Julie Regan
Kevin Jones
+ 4
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$297
Total Square Footage:18,800 SF
Transaction Type:Sale

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
62 deals$899.9M volume(617) 448-6308
BROKER

John Flaherty
JLL
56 deals$797.1M volume(617) 997-1557
BROKER

Jon Bryant
JLL
57 deals$804.6M volume(508) 505-0832
BROKER

Christopher Sower
Cushman & Wakefield
79 deals$1B volume
BROKER

Kevin Jones
Cushman & Wakefield
47 deals$736.3M volume
BROKER

Julie Regan
Cushman & Wakefield
42 deals$491M volume
BROKER

Mary VanNatta
Cushman & Wakefield
42 deals$491M volume
BROKER

SELLER

Details

SOLD
IMAGE: Bruce Lusa, Christopher Sower, John Flaherty, Jonathan Bryant, Kevin Jones, Julie Regan & Mary VanNatta DATE: 03/12/2025 ADDRESS: 9 Chelsea Street MARKET: East Boston, MA ASSET TYPE: Multifamily BUYER: DND Homes SELLER: Linear Retail SELLER'S REP: Bruce Lusa, Christopher Sower (@CSower1), John Flaherty (@J_Flaherty5), Jonathan Bryant (@Jay_Bry1__), Kevin Jones (@KmJones004), Julie Regan & Mary VanNatta - Cushman & Wakefield (@CushWake) SALE PRICE: $5,600,000 SF: 18,800 ~ PPSF: $297

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$298,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$19,895.61
Cash-on-Cash Return-1.27%
Monthly Debt Service$26,546.86
Annual Debt Service$318,562.28