Updated Dec 4, 2024
Mott & Chace Sotheby's Facilitates $3M Sale Of Single Family Property In Westerly, RI
443 Atlantic Avenue
$3,000,000
Building Size
—
Asset Type
Single Family
Closing
Nov 10, 2023
About this deal
AI
Mott & Chace Sotheby’s International Realty facilitated the sale of 443 Atlantic Ave. in the Misquamicut neighborhood for $3 million. The property is a single-family home located at 443 Atlantic Avenue in Westerly, RI.
Summary of transaction details
- Property Type: Single Family
- Transaction Amount: $3,000,000
- Address: 443 Atlantic Avenue
- Market: Westerly, RI
- Brokers: Geb Masterson, Michael Himmel & Raymond Mott - Sotheby's International Realty
Geb Masterson and Raymond Mott represented the sellers, while Michael Himmel represented the buyers, all from the same firm.
On the Map
$3,000,000
Single Family
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Players
Westerly 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
5.29%
Cash-on-Cash
-1.51%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93