Northeast Private Client Group Sells Multifamily Portfolio in Hartford County for $4.6 Million

Northeast Private Client Group Sells Multifamily Portfolio in Hartford County for $4.6 Million

Leading mid-market investment sales firm represents seller and sources buyer for multifamily portfolio in Plainville and New Britain.–

 

Shelton, CT (March 30, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Plainville and New Britain Apartment Portfolio, with buildings located at 311 East Street and 77 East Main Street in Plainville as well as 33-45 Dunlay Street and 112 LaSalle Street in New Britain. Taylor Perun, Senior Associate for the firm, along with Junior Associate, Alex Burr, represented the seller and procured the buyer in the $4,600,000 transaction.

 

Plainville and New Britain Apartment Portolio is a multifamily portfolio consisting of four (4) buildings in Plainville and New Britain consisting of 71 total units. A Simsbury, CT based seller sold the property to a Brooklyn-based investor for a price that equates to $64,788 per unit and a cap rate of 7.79 percent.

 

View property details here.

 

 About Northeast Private Client Group

Northeast Private Client Group is a leading mid-market investment sales firm and has been named as one of the Inc5000 Fastest-Growing Private Companies in the US. With offices in New York, Connecticut, and Massachusetts, we provide unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to our individual clients’ needs. We have a proven track record of matching our clients with qualified buyers of multifamily and commercial properties in the submarkets we serve. Over the past ten years, our team has closed transactions with a total value over $1.5 billion.Our collaborative and research-driven solutions are tailored to meet the individual needs of investors and property owners across the Northeast who are looking to buy, sell or exchange mid-market properties, including mixed-use, multifamily, retail and office assets.

To learn more, visit: www.northeastpcg.com.