Boston Trust Realty Group Brokers Sale Of Multifamily Property In Newport, RI For $955,000
SOLD
$955,000
Rhode Island
See Similar DealsMultiFamily2,836 SF
Sold 10/21/2021
SOLD
Boston Trust Realty Group Brokers Sale Of Multifamily Property In Newport, RI For $955,000
5 Sharon Ct, Newport, RI, USA
See Similar DealsMultiFamily2,836 SF
Sold 10/21/2021
Summary
RHODE ISLAND
Asset Type:MultiFamily
Price Per Square Foot:$336
Total Square Footage:2,836 SF
Transaction Type:Sale
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.
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Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$50,933.33
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$3,392.92
Cash-on-Cash Return-1.27%
Monthly Debt Service$4,527.19
Annual Debt Service$54,326.25
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