SOLDSingle Family
10 Ocean Lawn Lane Newport RI Sale Price $7,925,000
10 Ocean Lawn Lane
$7,925,000
Building Size
—
Asset Type
Single Family
Closing
Aug 8, 2025
AI
The asset is a single-family residence located at 10 Ocean Lawn Lane, Newport, RI. It sold for $7,925,000 on 08/08/2025, reflecting activity in the Newport market.
Summary of transation details:
- Property Type: Single Family
- Transaction Amount: $7,925,000
- Brokers: Joseph Costa - Sotheby's International Realty; Michelle Kirby - Sotheby's International Realty; Kate Kirby Greenman - Sotheby's International Realty
- Note: Mott & Chace Sotheby’s brokered the Newport sale.
The deal involved collaboration between Mott & Chace Sotheby’s and Sotheby's International Realty, with the named brokers from Sotheby's guiding the Newport transaction.
Players
Newport Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.00%
Cash-on-Cash
-0.57%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93