Updated Oct 28, 2024
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
About this deal
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.
The multifamily sale at 25 Gemini Drive, East Providence, Rhode Island 02914, United States in East Providence, Rhode Island sold for $53.7M in 2022. 25 Gemini Drive, East Providence, Rhode Island 02914, United States is classified as Multifamily on Traded. Named participants on the 25 Gemini Drive, East Providence, Rhode Island 02914, United States sale are Jason Bordainick. This page is the East Providence, Rhode Island file for the 25 Gemini Drive, East Providence, Rhode Island 02914, United States multifamily sold: pricing, party profiles, and other closed multifamily comps from the same East Providence sit in the Market section below. Filter that East Providence multifamily set by closing date to see what else sold near 25 Gemini Drive, East Providence, Rhode Island 02914, United States around 2022. Published consideration for 25 Gemini Drive, East Providence, Rhode Island 02914, United States is $53.7M, dated 2022. Cite this Hudson Valley Property Group Acquires Multifamily Property In East Providence For $53.7M sale when underwriting similar multifamily product around East Providence, Rhode Island.
Players
East 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
0.30%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93