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Compass Acquires Single Family Home On Orient Avenue In Jamestown, RI For $5.075M

Property Image
SOLD
$5,075,000
Cynthia Moretti
Susan Radesca

Rhode Island

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Single Family
Sold 10/13/2023
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Property Image
SOLD

Compass Acquires Single Family Home On Orient Avenue In Jamestown, RI For $5.075M

24 Orient Avenue

See Similar Deals
Single Family
Sold 10/13/2023
Cynthia Moretti
Susan Radesca
the dealplayerscompscontact
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Summary

RHODE ISLAND
Asset Type:Single Family
Transaction Type:Sale

24 Orient Avenue, located in Jamestown, RI, has been sold for a record-breaking price of $5,075,000. This Single Family property, known as "Bayview," is the highest-priced sale in Jamestown this year, based on data from the Multiple Listing Service. The transaction was facilitated by Mott & Chace Sotheby’s International Realty.

Summary of transaction details

  • Property Type: Single Family
  • Transaction Amount: $5,075,000
  • Buyer's Representative: Cynthia Moretti - Compass
  • Seller's Representative: Susan Radesca - Sotheby's International Realty

The deal was brokered by Cynthia Moretti from Compass, who represented the buyer, and Susan Radesca from Sotheby's International Realty, who represented the seller. This transaction marks a significant milestone in the Jamestown real estate market, demonstrating the demand for high-value properties in the area.

Players

Cynthia Moretti
Compass
Cynthia Moretti
3 deals$20.8M volume(401) 374-3444
BROKER
Susan Radesca
Sotheby's International Realty
Susan Radesca
1 deal$5.1M volume(401) 789-8899
BROKER

Details

SOLD
IMAGE: Cynthia Moretti & Susan Radesca DATE: 10/13/2023 ADDRESS: 24 Orient Avenue MARKET: Jamestown, RI ASSET TYPE: Single Family BUYER'S REP: Cynthia Moretti - Compass SELLER'S REP: Susan Radesca - Sotheby's International Realty SALE PRICE: $5,075,000 NOTE: Mott & Chace Sotheby’s International Realty facilitated the sale of "Bayview" at 24 Orient Ave in Jamestown, Rhode Island, for $5.075 million, marking the highest-priced sale in Jamestown this year, according to Multiple Listing Service data.

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

$270,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$18,030.40
Cash-on-Cash Return-1.27%
Monthly Debt Service$24,058.09
Annual Debt Service$288,697.07