Engel & Volkers Newton Acquires Multifamily Property In Somerville, MA For $1.665M

The multifamily property located at 28 Franklin St in Somerville, MA was recently sold. The sale was facilitated by Shane Marrion from Benoit Real Estate Group, LLC, who represented the seller, and David-Daili Xiao from Engel & Volkers Newton, who represented the buyer. The transaction took place on 05/14/2021 for a sale price of $1,665,000. The property spans 3,706 square feet, resulting in a price per square foot of $449.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $1,665,000
• Address: 28 Franklin St, Somerville, MA
• Seller's Representative: Shane Marrion - Benoit Real Estate Group, LLC
• Buyer's Representative: David-Daili Xiao - Engel & Volkers Newton
• Square Footage: 3,706
• Price per Square Foot: $449

Detailed analysis of the deal's key individuals and companies involved revealed that Shane Marrion from Benoit Real Estate Group, LLC represented the seller, while David-Daili Xiao from Engel & Volkers Newton represented the buyer. This successful transaction showcases the expertise of these professionals in the real estate market.