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:
- Property Type: Multifamily
- Transaction Amount: $1,800,000
- Units: 10
- Square Footage: 7,674
- Price Per Unit: $180,000
- Price Per Square Foot: $234
- Buyer: Alfred D'Andrea
- Seller: Susan Forsberg
- Broker: Josh Morris - New England Apartment Group
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.
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