SOLDMixed-use
Northeast Private Client Group Broker Tim McGeary Sells Mixed-use Property In Providence For $5.65M
125 Atwells Avenue, Providence, RI 02903
$5,650,000
$275/SF
Building Size
20,486 SF
Asset Type
Mixed-use
Closing
Aug 4, 2020
AI
The mixed-use property located at 125 Atwells Avenue in Providence, RI has been sold for a price of $5,650,000. The transaction took place on 08/04/2021. The property consists of 23 units, resulting in a price per unit of $245,652.
Summary of transaction details:
- Property Type: Mixed-use
- Transaction Amount: $5,650,000
- Address: 125 Atwells Avenue
- Market: Providence, RI
- Units: 23
- Price per Unit: $245,652
The sale was facilitated by Tim McGeary from the Northeast Private Client Group.
Providence Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.81%
Cash-on-Cash
-0.80%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93