Shane Yellin Acquires Multifamily Property From Benjamin Ferris In Tiverton For $1.2M
333 Main Road
$1,200,000
$185/SF
Building Size
6,488 SF
Asset Type
MultiFamily
Closing
Mar 12, 2026
AI
The property asset involved in the transaction is a multifamily unit located at 333 Main Road, Tiverton, RI. The sale was completed for a transaction amount of $1,200,000. The asset consists of 8 units and spans a total square footage of 6,488, resulting in a price per unit of $150,000 and a price per square foot of $184.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,200,000
- Address: 333 Main Road
- Market: Tiverton, RI
- Units: 8
- Price Per Unit: $150,000
- Square Footage: 6,488
- Price Per Square Foot: $184
- Buyer: Shane Yellin
- Seller: Benjamin Ferris
- Buyer's Representative: Stephen Girolamo - Horvath & Tremblay
- Seller's Representative: Bob Berle - NAI Global
This transaction involved Shane Yellin as the buyer and Benjamin Ferris as the seller. The buyer was represented by Stephen Girolamo from Horvath & Tremblay, while Bob Berle from NAI Global represented the seller in this deal.
Players
Tiverton 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
13.22%
Cash-on-Cash
-3.78%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93