The Starbridge Group Acquires Mixed-Use Property In Providence, RI For $950,000
SOLD
$950,000
Rhode Island
See Similar DealsMixed-use6,671 SF
Sold 08/13/2021
SOLD
The Starbridge Group Acquires Mixed-Use Property In Providence, RI For $950,000
200 Waterman Street, Providence, RI, USA
See Similar DealsMixed-use6,671 SF
Sold 08/13/2021
Summary
RHODE ISLAND
Asset Type:Mixed-use
Price Per Square Foot:$142
Total Square Footage:6,671 SF
Transaction Type:Sale
Located at 200 Waterman Street in Providence, RI, this mixed-use property has been recently sold for a price of $950,000. The transaction took place on August 13, 2021, and the sale was represented by Dan Waldman from Waldman & Associates, acting as the seller's representative. The buyer's representative was Eli Sansousi from The Starbridge Group.
Summary of transaction details:
- Property Type: Mixed-use
- Sale Price: $950,000
- Square Footage: 6,671
- Price per Square Foot: $6,671
- Market: Providence, RI
The property at 200 Waterman Street was successfully sold, thanks to the efforts of Dan Waldman from Waldman & Associates as the seller's representative, and Eli Sansousi from The Starbridge Group as the buyer's representative. The transaction involved a mixed-use asset and was finalized for a price of $950,000. The property spans an area of 6,671 square feet, resulting in a price per square foot of $6,671. The sale took place in Providence, RI.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,375.15
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,503.48
Annual Debt Service$54,041.82
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