Northeast Private Client Group Closes a 27 Unit Portfolio for $8.4 Million in Chelsea, MA

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Newton, MA – Northeast Private Client Group announced the sale of 31-47 Louis Street, a six-building portfolio in Chelsea, MA, for $8.4 million.

Senior Associate Drew Kirkland, Francis Saenz, and Jim Casey represented the seller and procured the buyer in the transaction.

This portfolio consists of six buildings on three adjacent parcels a total of 27 residential units. There are 23 off-street parking spaces for tenants in the rear of the buildings along with 16 coin-op washers and dryers. All units have separate utilities, 27 gas meters for heat, and hot water, and 38 electric meters, 8 of which are public.

“Congratulations to our seller and thank you for trusting us in another Chelsea transaction and congratulations to our buyer on an excellent purchase in a high desirable market,” said Mr. Kirkland.

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