Updated Sep 21, 2026
James Hennessy Purchases Multifamily Property From Carol Moio For $2,300,000 In North Providence
34-36-38-40-48 Waterman Ave
$2,300,000
$243/SF
Building Size
9,429 SF
Asset Type
MultiFamily
Closing
Sep 8, 2026
About this deal
AI
The property asset involved in the transaction is located at 34-36-38-40-48 Waterman Ave, North Providence, RI. This multifamily asset was sold for $2,300,000, comprising 16 units within a total square footage of 9,429, resulting in a price per unit of $143,750 and a price per square foot of $243.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $2,300,000
- Buyer: James Hennessy
- Seller: Carol Moio
- Broker: Josh Morris - New England Apartment Group
- Units: 16
- Square Footage: 9,429
- Price Per Unit: $143,750
- Price Per Square Foot: $243
Josh Morris represented the seller, Carol Moio, in this real estate transaction, facilitating the exchange between the buyer, James Hennessy, and the seller.
On the Map
$2,300,000
$243/SF
MultiFamily
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North 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
6.90%
Cash-on-Cash
-1.97%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93