22 New Street, located in the Somerville market, is a multifamily asset consisting of a well-maintained 2-family home featuring 5 bedrooms and 3.5 bathrooms. The property spans 2,248 square feet, listed for an asking price of $599,000. The transaction was completed for $700,000, resulting in a price per unit of $350,000 and a price per square foot of $311.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $700,000
• Asking Price: $599,000
• Seller: Mike Mankowski
• Broker: Kunal Doshi - ReMax 1st Advantage
• Units: 2
• Square Feet: 2,248
• Price per Unit: $350,000
• Price per Square Foot: $311

Kunal Doshi of ReMax 1st Advantage represented the seller, Mike Mankowski, in this transaction. The seller is actively looking to expand his portfolio of multifamily properties within the Monmouth County area. The property also boasts a private fenced backyard and is conveniently located near shopping amenities, pharmacies, and major highways.