Updated Sep 9, 2024
Marcus & Millichap Brokers $1.4M Sale Of Multifamily Property In East Providence, RI
280 Roger Williams Ave, Rumford, RI 02916, USA
$1,400,000
$90/SF
Building Size
15,496 SF
Asset Type
MultiFamily
Closing
Jul 15, 2020
About this deal
AI
The multifamily property located at 280 Roger Williams Avenue in East Providence, RI has been sold. The transaction was facilitated by Matthew Pierce and Harry Verenis from Marcus & Millichap. The sale took place on July 16, 2020, for a total price of $1,400,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,400,000
- Square Footage: 15,496
- Price Per Square Foot: $90.35
- Address: 280 Roger Williams Avenue
- Market: East Providence, RI
This successful sale showcases the expertise of Matthew Pierce and Harry Verenis from Marcus & Millichap. Their professional representation and negotiation skills enabled the smooth closing of this multifamily property transaction.
On the Map
$1,400,000
$90/SF
MultiFamily
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Players
Rumford 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
11.33%
Cash-on-Cash
-3.24%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93