SOLDHotel
Derek Brazeau Of Hayes & Sherry Brokers Charlestown Hotel Sale For $2.68M
5407 Post Road, Charlestown, Rhode Island 02813, United States
$2,680,000
Building Size
—
Asset Type
Hotel
Closing
Feb 9, 2023
AI
A hotel located at 5407 Post Rd in Charlestown, RI has been sold for a total of $2,680,000. The transaction took place on February 10, 2023, and was facilitated by Derek Brazeau of Hayes & Sherry.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $2,680,000
- Date: February 10, 2023
- Address: 5407 Post Rd, Charlestown, RI
- Broker: Derek Brazeau - Hayes & Sherry
Derek Brazeau, representing Hayes & Sherry, played a crucial role in the successful completion of the hotel sale transaction.
Charlestown Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.92%
Cash-on-Cash
-1.69%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93