Updated Dec 20, 2023
Hogan Associates Acquires Mixed Use Property On Mill St In Newport, RI
25 Mill Street, Newport, Rhode Island 02840, United States
$3,050,000
$469/SF
Building Size
6,500 SF
Asset Type
Mixed-use
Closing
Apr 7, 2022
About this deal
AI
The mixed-use property located at 25 Mill St in Newport, RI has been sold for a price of $3,050,000. The property spans 6,500 square feet, resulting in a price per square foot of $469.
Summary of transaction details
- Property Type: Mixed use
- Transaction Amount: $3,050,000
- Date: 04/08/2022
- Market: Newport, RI
The buyer's representative for this transaction was Tom Rao from Hogan Associates. The seller's representatives were Michelle Drum and Kate Rooney from Gustave White Sotheby's.
The mixed use sale at 25 Mill Street, Newport, Rhode Island 02840, United States in Newport, Rhode Island sold for $3.1M in 2022. The building is 6,500 square feet, implying about 469 per square foot on the published price. Tom Rao, Michelle Drum, Kate Rooney, Hogan Associates Real Estate appear on the sale alongside Hogan Associates Real Estate, Sotheby's International Realty. This page is the Newport, Rhode Island file for the 25 Mill Street, Newport, Rhode Island 02840, United States mixed use sold: pricing, party profiles, and other closed mixed use comps from the same Newport sit in the Market section below. Filter that Newport mixed use set by closing date to see what else sold near 25 Mill Street, Newport, Rhode Island 02840, United States around 2022. Published consideration for 25 Mill Street, Newport, Rhode Island 02840, United States is $3.1M, dated 2022. Cite this Hogan Associates Acquires Mixed Use Property On Mill St In Newport, RI sale when underwriting similar mixed use product around Newport, Rhode Island.
Players
Newport Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.20%
Cash-on-Cash
-1.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93