Updated Nov 9, 2026
Alfred D'Andrea Purchases MultiFamily Property On Main Avenue From Gary Duva For $2.55M
1143 Main Avenue
$2,550,000
$203/SF
Building Size
12,516 SF
Asset Type
MultiFamily
Closing
Nov 4, 2026
About this deal
AI
The transaction involves a multi-family property located at 1143 Main Avenue in Warwick, RI. The property was sold for $2,550,000 and comprises 12 units, offering a price per unit of $212,500. The total square footage of the property stands at 12,516, which translates to a price per square foot of $203.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $2,550,000
- Units: 12
- Price Per Unit: $212,500
- Square Footage: 12,516
- Price Per Square Foot: $203
- Buyer: Alfred D'Andrea
- Seller: Gary Duva
- Broker: Josh Morris - New England Apartment Group
Key individuals involved in the transaction include buyer Alfred D'Andrea and seller Gary Duva, who completed the sale with the assistance of broker Josh Morris from New England Apartment Group. The broker's representation played a crucial role in facilitating the deal.
On the Map
$2,550,000
$203/SF
MultiFamily
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Players
Warwick 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
6.22%
Cash-on-Cash
-1.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93