facebook

traded

+ Submit
Home

/

Deals

/

Rhode Island

/

Multifamily

/

Sale

/

333 Main Road

Shane Yellin Acquires Multifamily Property From Benjamin Ferris In Tiverton For $1.2M
SOLDMultiFamily

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

Stephen Girolamo

Horvath & Tremblay

Broker

$326.1M

vol

99 deals

Broker

Tiverton 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

13.22%

Cash-on-Cash

-3.78%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93