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Lori DelSesto Of Re/Max Represents Buyer In $9.75M Sale Of North Kingstown Estate

Property Image
SOLD
$9,750,000
Erin Marsh
Lori DelSesto

Rhode Island

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Single Family
Sold 11/08/2024
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Property Image
SOLD

Lori DelSesto Of Re/Max Represents Buyer In $9.75M Sale Of North Kingstown Estate

109 Cottrell Road

See Similar Deals
Single Family
Sold 11/08/2024
Erin Marsh
Lori DelSesto
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale

The property involved in this transaction is a single-family home located at 109 Cottrell Road in North Kingstown, RI. The sale price of the asset was $9,750,000. The estate encompasses over nine acres of land along Narragansett Bay and includes features such as a private beach, deep-water dock, and a 6,000-square-foot home designed in a Nantucket style.

Summary of transaction details:

Mott & Chace Sotheby’s International Realty was responsible for brokering the transaction, highlighting the significant role of the firm in facilitating the sale of this luxury estate.

Players

Erin Marsh
Sotheby's International Realty
Erin Marsh
2 deals$17.6M volume(401) 225-4106
BROKER
Lori DelSesto
Re/Max
Lori DelSesto
1 deal$9.8M volume(401) 954-7400
BROKER

Details

SOLD
IMAGE: 11/08/2024 ADDRESS: 109 Cottrell Road MARKET: North Kingstown, RI ASSET TYPE: Single Family BUYER'S REP: Lori DelSesto - Re/Max SELLER'S REP: Erin Marsh - Sotheby's International Realty SALE PRICE: $9,750,000 NOTE: Mott & Chace Sotheby’s International Realty brokered the $9.75 million sale of a luxury estate at 109 Cottrell Rd., featuring over nine acres on Narragansett Bay with a private beach, deep-water dock, and a 6,000-square-foot Nantucket-style home.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$520,000.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$34,639.68
Cash-on-Cash Return-1.27%
Monthly Debt Service$46,219.97
Annual Debt Service$554,639.69