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

Property Image
SOLD
$1,800,000
Ryan Quinn
Tyler Bates
+ 1

Massachusetts

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MultiFamily7,056 SF
Sold
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Property Image
SOLD

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

18 Benedict Street

See Similar Deals
MultiFamily7,056 SF
Sold
Ryan Quinn
Tyler Bates
+ 1
Contact now

Summary

MASSACHUSETTS
Asset Type:MultiFamily
Price Per Square Foot:$255
Total Square Footage:7056 SF
Transaction Type:Sale

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:

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.

Players

John Federico
52 deals$174M volume(617) 812-9035
BROKER

Ryan Quinn
Grove Property Group
40 deals$135.8M volume(617) 285-9363
BROKER

Tyler Bates
Grove Property Group
2 deals$2.8M volume(781) 727-0536
BROKER

Joe Vecchione
Grove Property Group
3 deals$9.8M volume(978) 319-8304
BROKER

Grove Property Group
BROKERAGE

Details

SOLD
IMAGE: Ryan Quinn, John Federico, Tyler Bates & Joe Vecchione DATE: 6/12/2025 ADDRESS: 18 Benedict Street MARKET: Somerville, MA ASSET TYPE: Multifamily BUYER: Mario Ricciardelli SELLER: Milagro Valencia BROKERS: Ryan Quinn (@_RyanQuinn), John Federico (@GPGBoston), Tyler Bates (@TylerBatesRE) & Joe Vecchione - Grove Property Group SALE PRICE: $1,800,000 UNITS: 3 ~ PPU: $600,000 SF: 7,056 ~ PPSF: $255

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

$96,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$6,395.02
Cash-on-Cash Return-1.27%
Monthly Debt Service$8,532.92
Annual Debt Service$102,395.02