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:
- Property Type: Multifamily
- Transaction Amount: $5,600,000
- Address: 9 Chelsea Street
- Market: East Boston, MA
- Square Footage: 18,800
- Price per Square Foot: $297
- Buyer: DND Homes
- Seller: Linear Retail
- Seller's Representatives: Bruce Lusa, Christopher Sower, John Flaherty, Jonathan Bryant, Kevin Jones, Julie Regan & Mary VanNatta - Cushman & Wakefield
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
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