Northeast Private Client Group Sells Hartford Multifamily Portfolio for $2,475,000
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily property–
Shelton, CT (January 13, 2020) – Investment sales broker Northeast Private Client Group has announced the sale Congress & Maple Portfolio located at 10-12, 18 27 and 30 Congress Street and 54-56 Maple Avenue in Hartford, CT. Taylor Perun, Senior Associate for the firm, represented the seller and procured the buyer in the $2,525,000 transaction.
Congress & Maple Portfolio is a 46-unit multifamily portfolio located in the South End of Hartford. Boston-based seller, Premier Capital Partners, sold the property to a private New York-based investor for a price that equates to $54,891 per unit and a cap rate of 8.7 percent.
About Northeast Private Client Group
Northeast Private Client Group is the leading mid-market investment sales firm in the region and was recently named to the Inc5000 list of America’s fastest-growing private companies. With offices in New York, Connecticut and Massachusetts, the firm actively supports private investors 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. To learn more, visit: www.northeastpcg.com.