Standard Communities Acquires Multifamily Property In West Warwick, RI For $29.57M
SOLD
$29,570,000
+ 4
Rhode Island
See Similar DealsMultiFamily141,500 SF
Sold 02/28/2022
SOLD
Standard Communities Acquires Multifamily Property In West Warwick, RI For $29.57M
47 Tanglewood Drive, West Warwick, Rhode Island 02893, United States
See Similar DealsMultiFamily141,500 SF
Sold 02/28/2022
+ 4
Summary
RHODE ISLAND
Asset Type:MultiFamily
Price Per Square Foot:$209
Total Square Footage:141,500 SF
Transaction Type:Sale
Standard Communities has acquired a multifamily property located at 47 Tanglewood Dr, West Warwick, RI. The transaction took place on February 28, 2022, and the property was sold by Sawyer Realty Holdings. The property spans a total area of 141,500 square feet and was sold at a price of $29,570,000, resulting in a price per square foot of $209.
Summary of Transaction Details:
- Property Type: Multifamily
- Transaction Amount: $29,570,000
- Address: 47 Tanglewood Dr, West Warwick, RI
- Market: West Warwick, RI
The transaction was facilitated by the brokerage firm Cushman & Wakefield, with Bruce Lusa, Chris Sower, Jon Bryant, John Flaherty, and Kevin Jones representing the buyer and seller.
Players
BUYER
SELLER
Details
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Similar Deals
Contact
Get in touch with the broker you want
Similar Buyers
Unlock All Profiles
Upgrade to Traded Pro for full access to every deal, profile & market insight.Unlimited deal views
Access investor profiles & contacts
Exclusive comps & market data
Go Pro
Similar Brokers
Top Markets for Multifamily Investment ReportFall 2025
Search Address Tool
Enter any address to instantly view nearby comps, investors, brokers, lenders, and a visual map.NEW!
Stay in the Know
Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.
By subscribing, you agree to our Terms of Service and Privacy Policy.
Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$1,577,066.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$105,055.96
Cash-on-Cash Return-1.27%
Monthly Debt Service$140,176.89
Annual Debt Service$1,682,122.63
Is there something missing? Send suggestions