Leonardo Ribeiro Acquires Multifamily Asset From Shenmian Yu For $3,815,000 In Providence RI

The property involved in this transaction is a multifamily asset located at 19 Monticello Street & 45 Marietta Street in Providence, RI. The sale was finalized for a total price of $3,815,000. The asset encompasses 27 units with a total square footage of 22,503. The price per unit calculated to $141,296, while the price per square foot stood at $170.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,815,000
• Units: 27
• Square Footage: 22,503
• Price Per Unit: $141,296
• Price Per Square Foot: $170
• Buyer: Leonardo Ribeiro
• Seller: Shenmian Yu
• Brokers: Sean McHale & Spencer Norton - Horvath & Tremblay

This transaction features the involvement of buyer Leonardo Ribeiro and seller Shenmian Yu, with representation from brokers Sean McHale and Spencer Norton of Horvath & Tremblay. The deal showcases a structured transfer of ownership within the Providence multifamily market.