Mario Ricciardelli Buys Multifamily Asset At 18 Benedict Street Somerville For $1.8M

The property located at 18 Benedict Street is a multifamily asset situated in the Somerville, MA market. This transaction involved a sale price of $1,800,000 for a total of 3 units, which equates to a price per unit of $600,000. The total square footage of the property is 7,056, resulting in a price per square foot of $255.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $1,800,000
• Units: 3
• Price per Unit: $600,000
• Square Footage: 7,056
• Price per Square Foot: $255
• Buyer: Mario Ricciardelli
• Seller: Milagro Valencia
• Brokers: Ryan Quinn, John Federico, Tyler Bates & Joe Vecchione - Grove Property Group

This transaction was facilitated by the brokerage team from Grove Property Group, comprising Ryan Quinn, John Federico, Tyler Bates, and Joe Vecchione, who represented the buyer and seller throughout the negotiation process.