John Verni Jr. Acquires Multifamily Properties In Providence For $11.67M

The multifamily property located at 110 & 128 Dean Street & 18 Spruce Street in Providence, RI, was sold for $11,670,000. The property comprises 49 units with a price per unit of $238,163. It spans 32,250 square feet, resulting in a price per square foot of $362.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $11,670,000
• Units: 49
• Price Per Unit: $238,163
• Square Footage: 32,250
• Price Per Square Foot: $362
• Address: 110 & 128 Dean Street & 18 Spruce Street, Providence, RI
• Market: Providence, RI

John Verni Jr. acquired the property from William Distefano with the representation of Tim McGeary & Richard Welch from NorthEast Private Client Group.