Northeast Private Client Group Sells Manufactured Housing Community in Connecticut for $2.8 Million
– Leading mid-market investment sales firm represents seller and sources buyer for manufactured housing community in Beacon Falls, CT–
Beacon Falls, CT (October 2, 2019) – Investment sales broker Northeast Private Client Group has announced the sale of River’s Edge Manufactured Housing Community located at 872 S Main Street in Beacon Falls, CT. Brad Balletto, VP of investments for the firm, along with investment associates, Rich Edwards and Jeff Wright, represented the seller and procured the buyer in the $2,800,000 transaction.
River’s Edge is comprised of 55 lots, three (3) apartments and a commercial building. Beacon Falls Trailer Court, LLC sold the property to Athena Real Estate, LLC, out of Danbury, CT for a price that equates to $45,458 per unit and a cap rate of 7.43 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.