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611 Ten Rod Road

Alfred D'Andrea Acquires Multifamily Asset At 611 Ten Rod Road From Susan Forsberg For $1.8M
SOLDMultiFamily

Alfred D'Andrea Acquires Multifamily Asset At 611 Ten Rod Road From Susan Forsberg For $1.8M

611 Ten Rod Road

$1,800,000

$234/SF

Building Size

7,674 SF

Asset Type

MultiFamily

Closing

May 22, 2026

AI

A multifamily asset located at 611 Ten Rod Road in North Kingstown, RI was sold for $1,800,000. The property comprises 10 units spread over 7,674 square feet, resulting in a price per unit of $180,000 and a price per square foot of $234.

Summary of transaction details:

The transaction was facilitated by broker Josh Morris, representing the buyer Alfred D'Andrea in the deal with seller Susan Forsberg. The partnership between the broker and the buyer played a significant role in this closed transaction.

Players

Josh Morris

New England Apartment Group

Broker

$21.5M

vol

5 deals

Broker

North Kingstown 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

8.81%

Cash-on-Cash

-2.52%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93