Updated Sep 9, 2024
Marcus & Millichap Sells Multifamily Asset On Lena Street In Providence, RI For $1.3M
20 Lena St, North Providence, RI 02904, USA
$1,300,000
$61/SF
Building Size
21,000 SF
Asset Type
MultiFamily
Closing
Aug 30, 2020
About this deal
AI
The asset involved in this closed transaction is a multifamily property located at 20 Lena Street in Providence, RI. The property spans across 21,000 square feet and was sold for a price of $1,300,000, resulting in a price per square foot of $62.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $1,300,000
- Address: 20 Lena Street, Providence, RI
- Market: Providence, RI
- Brokers: Matthew Pierce & Harry Verenis – Marcus & Millichap
Matthew Pierce and Harry Verenis from Marcus & Millichap were the brokers involved in this transaction. They represented the parties in the deal, facilitating the successful sale of the multifamily property at 20 Lena Street in Providence, RI.
On the Map
$1,300,000
$61/SF
MultiFamily
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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
12.20%
Cash-on-Cash
-3.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93