Douglas Elliman Acquires Multifamily Property In Somerville, MA For $1.05M

In Somerville, MA, a multifamily property at 31 Conwell Avenue was sold for $1,050,000. The property has a total area of 2,126 square feet, resulting in a price per square foot of $494. The transaction was facilitated by The Sarkis Team of Douglas Elliman Real Estate, representing the buyer, and Jeffrey Stephens of Compass, representing the seller.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $1,050,000
• Address: 31 Conwell Avenue, Somerville, MA
• Market: Somerville, MA
• Buyer's Representative: The Sarkis Team - George Sarkis - Douglas Elliman Real Estate
• Seller's Representative: Jeffrey Stephens - Compass
• Square Footage: 2,126
• Price per Square Foot: $494

The Sarkis Team, led by George Sarkis, represented the buyer in the transaction. They are real estate brokers associated with Douglas Elliman Real Estate. Jeffrey Stephens, a representative from Compass, acted as the seller's broker. The collaboration between these industry professionals culminated in the successful sale of the multifamily property at 31 Conwell Avenue.