Harry Verenis & John Horowitz Of Marcus & Millichap Sell Multifamily Property In North Providence, RI For $2.8M
1 Talbot Street, North Providence, RI, USA
$2,805,000
$261/SF
Building Size
10,716 SF
Asset Type
MultiFamily
Closing
Jul 9, 2020
AI
Located at 1 Talbot Street in North Providence, RI, this multifamily property was recently sold. The transaction was facilitated by brokers Harry Verenis and John Horowitz from Marcus & Millichap. The property offers a total of 24 units.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,805,000
- Square Footage: 10,716
- Price per Square Foot: $262
- Price per Unit: $116,875
The brokers involved in this deal, Harry Verenis and John Horowitz from Marcus & Millichap, played a crucial role in the successful sale of this multifamily property located at 1 Talbot Street in North Providence, RI. Their expertise and experience in the market contributed to the completion of this transaction.
Players
North Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.66%
Cash-on-Cash
-1.62%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93