Horvath & Tremblay Brokers $7.8M Sale Of 45-Unit Oakland And Lake Estates In Warwick RI

The transaction involved a multifamily asset located at 20 Oakland Beach Avenue and 35 & 50 Lake Street in Warwick, RI. The sale was completed for a price of $7,800,000, encompassing a total of 45 units, resulting in a price per unit of $173,333.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $7,800,000
• Units: 45
• Price Per Unit: $173,333
• Cap Rate: 7.37%

Horvath & Tremblay represented the transaction, with brokers Dennis Kelleher, John Pentore, and Sean McHale facilitating the sale of the Oakland and Lake Estates portfolio.