Updated Dec 21, 2023
Boston Trust Realty Group Brokers Sale Of Multifamily Property In Newport, RI For $955,000
5 Sharon Ct, Newport, RI, USA
$955,000
$336/SF
Building Size
2,836 SF
Asset Type
MultiFamily
Closing
Oct 20, 2021
About this deal
AI
A multifamily property located at 5 Sharon Ct in Newport, RI has recently been sold. The property, with a total square footage of 2,836, was sold for a price of $955,000, resulting in a price per square foot of $337.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $955,000
- Address: 5 Sharon Ct, Newport, RI
- Market: Newport, RI
- Broker: George Hampton - Boston Trust Realty Group
George Hampton, from Boston Trust Realty Group, represented the parties involved in this transaction. The deal was successfully closed, resulting in the sale of the multifamily property at 5 Sharon Ct in Newport, RI.
Newport 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
16.61%
Cash-on-Cash
-4.75%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93