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10 Ocean Lawn Lane Newport RI Sale Price $7,925,000
SOLD
$7,925,000
Rhode Island
See Similar DealsSingle Family
Sold 08/08/2025
SOLD
10 Ocean Lawn Lane Newport RI Sale Price $7,925,000
10 Ocean Lawn Lane
See Similar DealsSingle Family
Sold 08/08/2025
Summary
RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale
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
BROKERAGE
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$422,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$28,155.85
Cash-on-Cash Return-1.27%
Monthly Debt Service$37,568.54
Annual Debt Service$450,822.52
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