As seen in Multi-Housing News
Location: West Haven, Conn.
Price: $7,275,000 ($32,920,000 for entire portfolio)
Year Built: 1979
Net Rentable: 40,005 square feet
Crestview Apartments is offered alongside seven other properties, comprising the New Haven County Portfolio. The assets can be purchased individually. Current ownership acquired the properties between 2014 and 2016, and spent approximately $2.3 million on improvements, ranging from unit renovations to deferred maintenance. Crestview Apartments comprises 635-square-foot one-bedroom units, is situated less than a mile from the Connecticut Turnpike and offers immediate access to VA Hospital and University of New Haven. Investors can continue the renovation program to access more value at Crestview Apartments.
Contact: Northeast Private Client Group – Edward Jordan, (203) 692-2420; Bradley Balletto, (203) 307-1574
About Northeast Private Client Group
Northeast Private Client Group is the fastest growing mid-market investment sales firm in the Northeast, providing unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to each client’s needs. The firm’s collaborative and research-driven solutions are tailored to meet the individual needs of investors across the Northeast who are looking to buy, sell or exchange mid-market properties including mixed-use, multifamily, retail and office assets. Northeast Private Client Group’s highly disciplined process is just one of the many reasons the firm has earned CoStar’s Power Broker designation year after year, and been ranked on the Inc5000 list of America’s fastest-growing private companies. To learn more, visit: www.northeastpcg.com.