Marcus & Millichap Sells Multifamily Property In Providence, RI For $620K
45 Mawney St, Providence, RI 02907, USA
$620,000
$176/SF
Building Size
3,506 SF
Asset Type
MultiFamily
Closing
Aug 10, 2020
AI
The multifamily property located at 45 Mawney Street in Providence, RI has been sold for a price of $620,000. The property spans an area of 3,506 square feet, resulting in a price per square foot of $177.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $620,000
- Address: 45 Mawney Street, Providence, RI
- Market: Providence, RI
- Brokers: Matthew Pierce & Harry Verenis – Marcus & Millichap
The deal was facilitated by Matthew Pierce & Harry Verenis from Marcus & Millichap. They served as the brokers representing the buyer and seller in the transaction.
Players
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
25.59%
Cash-on-Cash
-7.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93