Updated Aug 25, 2026
NorthEast Private Client Group Sells The URI Townhouses In Kingston, RI For $6.125M
58 Fortin Road
$6,125,000
Units
12
Asset Type
MultiFamily
Closing
Jun 14, 2024
About this deal
AI
The URI Townhouses, a 12-unit multifamily property located at 58 Fortin Rd in Kingston, RI, were sold for $6.125 million. The deal was facilitated by Richard Welch & Tim McGeary from NorthEast Private Client Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $6,125,000
- Units: 12
- Price per Unit: $510,417
- Address: 58 Fortin Road
- Market: Kingston, RI
- Brokers: Richard Welch & Tim McGeary - NorthEast Private Client Group
The Northeast Private Client Group successfully closed the sale of The URI Townhouses, showcasing their expertise in handling multifamily property transactions in the Kingston, RI market.
On the Map
$6,125,000
MultiFamily
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Players
Kingston 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
2.59%
Cash-on-Cash
-0.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93