Updated May 12, 2025
FPA Multifamily Acquires 135-Unit Multifamily Property In Providence, RI For $26.9M
166 Valley Street, Providence, Rhode Island 02909, United States
$26,900,000
Units
135
Asset Type
MultiFamily
Closing
Mar 11, 2022
About this deal
AI
The asset involved in this transaction is a multifamily property located at 166 Valley St, Providence, RI. The sale was executed for a total transaction amount of $26,900,000, encompassing 135 units with a price per unit of $199,259.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $26,900,000
- Seller: Armory Revival Company
- Buyer: FPA Multifamily, LLC
- Brokers: Chris Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones, Julie Regan & Mary VanNatta - Cushman & Wakefield
This transaction involved key individuals and companies, with representation from Cushman & Wakefield by Chris Sower, Bruce Lusa, Jonathan Bryant, John Flaherty, Kevin Jones, Julie Regan, and Mary VanNatta, facilitating the sale between the seller and buyer.
Players
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
0.59%
Cash-on-Cash
-0.17%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93