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
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