Northeast Private Client Group Sells Multifamily Portfolio in Hartford, CT for $1,815,000
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily property.–
Shelton, CT (July 21, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Farmington and Grafton Portfolio, with buildings located at 527 Farmington Avenue and 54 Grafton Street in Hartford, Connecticut. Taylor Perun, Senior Associate for the firm, along with Junior Associate, Alex Burr, represented the seller and procured the buyer in the $1,815,000 transaction.
Farmington & Grafton Portfolio is a 45-unit multifamily and commercial portfolio located in West End and Southwest Hartford respectively. A New Jersey based seller, TRS Partners LLC, sold the property to New Jersey based investor, Aria Legacy Group, for a price that equates to $40,333 per unit and a cap rate of 8.73 percent.
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.