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30 Messer Street

Andrew Lyell Purchases Multifamily Property From Rose Siegel For $3.35 Million In Providence RI
SOLDMultiFamily

Andrew Lyell Purchases Multifamily Property From Rose Siegel For $3.35 Million In Providence RI

30 Messer Street & 70 America Street

$3,350,000

$241/SF

Building Size

13,860 SF

Asset Type

MultiFamily

Closing

Dec 22, 2025

AI

The property asset involved in this transaction is a multifamily asset located at 30 Messer Street & 70 America Street, Providence, RI. The sale price was $3,350,000 for a total of 11 units, equating to a price per unit of $13,860. The total square footage of the property is 13,860, which results in a price per square foot of $242.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $3,350,000
  • Units: 11
  • Price Per Unit: $13,860
  • Square Footage: 13,860
  • Price Per Square Foot: $242
  • Buyer: Andrew Lyell
  • Seller: Rose Siegel
  • Broker Representatives: Sean McHale, Dennis Kelleher & John Pentore - Horvath & Tremblay

This transaction involved key individuals including the buyer, Andrew Lyell, and seller, Rose Siegel, with the brokerage representation managed by Sean McHale, Dennis Kelleher, and John Pentore from Horvath & Tremblay, highlighting the professionals facilitating the deal.

Players

Dennis Kelleher

Horvath & Tremblay

Broker

$561.5M

vol

96 deals

Broker
Horvath & Tremblay
Horvath & TremblayBrokerage

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

4.74%

Cash-on-Cash

-1.35%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93