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20 Lena St, North Providenc...

Marcus & Millichap Sells Multifamily Asset On Lena Street In Providence, RI For $1.3M
SOLDMultiFamily

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

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

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.

Players

Harry Verenis

Grove Property Group

Broker

$40.9M

vol

12 deals

Broker

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