Updated Dec 4, 2024
Dinghong Kevin Mei & Joe Danisch Facilitate $1.03M Multifamily Sale In Somerville, MA
23 Benedict Street
$1,030,000
$404/SF
Building Size
2,549 SF
Asset Type
MultiFamily
Closing
Feb 12, 2024
About this deal
AI
In Somerville, MA, a multifamily property at 23 Benedict Street was sold for $1,030,000. The transaction involved Dinghong Kevin Mei of Venture representing the buyer and Joe Danisch of Coelho Realty Group representing the seller.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,030,000
- Address: 23 Benedict Street
- Market: Somerville, MA
- Square Footage: 2,549
- Price per Square Foot: $404
- Buyer's Rep: Dinghong Kevin Mei - Venture
- Seller's Rep: Joe Danisch - Coelho Realty Group
The deal at 23 Benedict Street was successfully closed with Dinghong Kevin Mei from Venture representing the buyer in this transaction. On the other side, Joe Danisch of Coelho Realty Group acted as the seller's representative, facilitating the sale of the multifamily property.
On the Map
$1,030,000
$404/SF
MultiFamily
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Players
Somerville MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
15.40%
Cash-on-Cash
-4.40%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93