Updated Dec 21, 2024
The Erkkinen-Cohen Group Represents Buyer In $1.85 Million Sale Of 435 Angell Street Providence RI
435 Angell Street
$1,850,000
Building Size
—
Asset Type
Single Family
Closing
Dec 20, 2024
About this deal
AI
The property involved in this transaction is a renovated four-unit Mansard-style Victorian located at 435 Angell Street, Providence, RI. The sale price was $1,850,000. This asset features modernized apartments and a landscaped outdoor space, making it a significant property in the local market.
Summary of transaction details:
- Property Type: Single Family
- Transaction Amount: $1,850,000
- Address: 435 Angell Street
- Market: Providence, RI
- Buyer's Representative: The Erkkinen-Cohen Group - Residential Properties, Ltd
- Seller's Representative: Carl Henschel & Cherry Arnold - Sotheby's International Realty
Mott & Chace Sotheby’s International Realty brokered this transaction, marking it as the second-highest multi-family sale in Providence for 2024, reflecting its significance in the current real estate landscape.
Players
Providence 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
8.57%
Cash-on-Cash
-2.45%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93