BLDUP Newsletter

131 Orchard Street Update 08/23/16

25 Davis Square apartments sell for $8.5 million

Last Tuesday (August 16th, 2016), local real estate investor Mouhab Rizkallah of Somerville acquired the 25-unit residential apartment building located at 131 Orchard Street in Somerville's Davis Square steps to the MBTA Red Line for $8.5 million as recorded in the Middlesex South Registry of Deeds. The sale amounts to $452 per square foot and $340,000 per unit. First Republic Bank provided a $5.95 million mortgage towards the sale. 131 Orchard Street last sold in May 1977 for $270,000. The following is the deed for the sale of 131 Orchard Street to Mouhab Rizkallah:

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