337 Cowesett Ave., Warwick, R.I.

Steve Witten and Victor Nolletti of the New Haven office of Marcus & Millichap Investment Real Estate Services were recently the sole brokers in the sale of Quaker Towers Apartments, 128 residential apartment units at 337 Cowesett Ave. in Warwick, R.I., for $6.2 million. With convenient access to Interstate 95, the community is about 15 minutes from Providence and in close proximity to the Boston and Connecticut markets in a supply-constrained market with high barriers to entry and new construction.

Built circa 1972, the complex contains a total of 128 units in seven, 2- and 3-story buildings on 5.84 acres with a density of 22 units per acre. The apartments are comprised of 36 studio units, 58 one-bedroom units and 34 two-bedroom units.

Located in a stable, emerging market, the property affords easy access to major thoroughfares and highways, a variety of shopping within walking distance, swimming pool, laundry facility with heat, hot and cold water, cooking gas, sewer and basic cable included in rent.

The building was sold on an all-cash basis. The seller was Quaker Towers Assoc., which was represented by attorney David Rubin of Hinckley, Allen & Snyder and the buyer was Galileo Investment Co., represented by attorney Stephen Krevalin of Bacon & Wilson.

Witten and Nolletti have also recently closed 158 units in New Haven for $1.53 million, 242 units in central Connecticut for $1.5 million, 303 units in Manchester for $35.6 million and 1100 units in Cincinnati, Ohio.