Hudson Valley Property Group Acquires Multifamily Property In East Providence For $53.7M
25 Gemini Drive, East Providence, Rhode Island 02914, United States
$53,700,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 18, 2022
AI
A multifamily property located at 25 Gemini Dr in East Providence, RI, has been sold for a total price of $53,700,000. The sale occurred on 02/19/2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $53,700,000
- Address: 25 Gemini Dr
- Market: East Providence, RI
The buyer in this transaction is Hudson Valley Property Group represented by Jason Bordainick. The seller is Taymil Partners, and the deal was facilitated by the brokerage firm CBRE.
Players
East Providence MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93