Updated Dec 4, 2024
Lila Delman Real Estate Sells Aquidneck Club Single Family For $4.15M
271 Carnegie Harbor Drive
$4,150,000
$551/SF
Building Size
7,527 SF
Asset Type
Single Family
Closing
Jun 21, 2024
About this deal
AI
The property at 271 Carnegie Harbor Drive in Portsmouth, RI, was sold for $4,150,000. This Single Family asset sits on 1.2 acres of land and spans 7,527 square feet. The sale price per square foot was $551. The property features five bedrooms, extensive water views, and was designed by Adolfo Perez.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $4,150,000
- Address: 271 Carnegie Harbor Drive
- Market: Portsmouth, RI
- Acres: 1.2
- Broker: Eric Kirton - Lila Delman Real Estate
Lila Delman Compass represented the transaction, achieving the highest sale in Portsmouth and the second highest in Newport County for the year. The property is located in the Aquidneck Club neighborhood and offers stunning water views, making it a standout real estate deal in the area.
Portsmouth Single Family Market Snapshot
Boundary boundary · Single Family · Sale transactions
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Deal FAQ
About $551 per square foot on a published $4.2M for 7,527 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.82%
Cash-on-Cash
-1.09%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93