Updated Dec 21, 2023
Anne Ramsey Cuvelier Sells Hotel In Newport, RI For $5.5M
72 Washington Street, Newport, Rhode Island 02840, United States
$5,500,000
Building Size
—
Asset Type
Hotel
Closing
Aug 28, 2022
About this deal
AI
The hotel located at 72 Washington St in Newport, RI has been sold in a recent transaction. The property is an asset type of Hotel and was sold by Anne Ramsey Cuvelier. The deal was facilitated by Gustave White Sotheby's International Realty. The sale took place on August 29, 2022, for a price of $5,500,000.
Summary of transaction details
- Property Type: Hotel
- Sale Price: $5,500,000
- Seller: Anne Ramsey Cuvelier
- Broker: Gustave White Sotheby's International Realty
The hotel sale at 72 Washington St in Newport, RI was handled by Anne Ramsey Cuvelier, represented by Gustave White Sotheby's International Realty. With a sale price of $5,500,000, this transaction marks the successful completion of the deal.
Players
Newport Hotel Market Snapshot
Boundary boundary · Hotel · Sale transactions
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Deal FAQ
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.88%
Cash-on-Cash
-0.82%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93