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61 Meadow Street, Providenc...

RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty
SOLDMultiFamily

RISSPORT I LLC Sells Multifamily Portfolio In Providence, Cranston, And Pawtucket For $3.95M - Buyer ROSO Investment Realty

61 Meadow Street, Providence, RI, USA

$3,950,000

Building Size

Asset Type

MultiFamily

Closing

Jan 14, 2021

AI

A multifamily property consisting of 65 units was recently sold in Providence, Cranston, and Pawtucket, RI. The property is located at 61 Meadow Street, 1060 Douglas Avenue, 570 Douglas Street, 35 Veto Street, 1912 Broad Street, and 213-225 Walcott Street, as well as 1 & 27 Dexter Court.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,950,000
  • Units: 65
  • Price per Unit: $60,769

The seller, RISSPORT I LLC, sold the property to the buyer, ROSO Investment Realty. The deal was facilitated by Kevin Casey from Sweeney Real Estate & Appraisal.

Players

Kevin Casey

Sweeney Real Estate & Appraisal

Broker

$9.8M

vol

5 deals

Broker

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

4.02%

Cash-on-Cash

-1.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93