Lila Delman Compass Brokers Sell SFR In Newport, RI For $16M
339 Ocean Avenue, Newport, RI 02840, USA
$16,000,000
$8/SF
Building Size
1,999,839 SF
Asset Type
Single Family Residence
Closing
Sep 24, 2021
AI
A single-family residence located at 339 Ocean Ave in Newport, RI has recently been sold for a recorded price of $16,000,000. The sale of this property took place on 09/24/2021, with Kendra Toppa and Eric Kirton of Lila Delman Compass acting as the brokers in the transaction. The property, featured in a post on Instagram, showcases its distinct characteristics and is situated in a desirable market.
Summary of transaction details
- Property Type: SFR
- Transaction Amount: $16,000,000
- Address: 339 Ocean Ave, Newport, RI
- Market: Newport, RI
The brokers involved in this successful deal were Kendra Toppa and Eric Kirton, representing Lila Delman Compass. With their expertise, they facilitated the transaction between the buyer and the seller, ensuring a smooth and satisfactory outcome for both parties involved.
Players
Newport Single Family Residence Market Snapshot
Boundary boundary · Single Family Residence · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.99%
Cash-on-Cash
-0.28%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93