Trio of Multi-Family Properties Sell For Combined $12.7M

As seen on New Haven Biz

Three multi-family apartment buildings in Hamden, Branford, and Danbury sold recently
for a total of $12.7 million.

Willow Woods Apartments, a 52-unit complex at 655 Fitch St., Hamden, sold for $6.5 million.
Built in 1973, it has a mix of one, two, and three-bedroom apartments, with flat and townhouse-style layouts.

Cedar Street Apartments, an 18-unit apartment building at 78 Cedar St., Branford, sold for $2.68 million. The property had previously been a senior living home, but was converted into apartments in 2011, when it was gutted and remodeled.

Willow Park Apartments, a 21-unit property at 113-115 Park Ave., Danbury, sold for $3.55 million. 

The seller was Palladian Management, and the buyer was Stockbridge Capital. Shelton-based Metro North Investment Sales Team at Northeast Private Client Group represented the seller and procured the buyer. The team included Vice President of Investments Bradley Balletto, Senior Associates Jeff Wright and Rich Edwards, Investment Associate Robert Paterno and Associate John Lockhart. “These three sales demonstrate the strong demand for well-located multi-family investment properties throughout Connecticut,” Balletto said in an announcement.

 

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.