Northeast Private Client Group Sells Multifamily Property in Plainville, CT for $3.9 Million
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily property–
Shelton, CT (November 29, 2019) – Investment sales broker Northeast Private Client Group has announced the sale of Castle Apartments located at 100 Norton Park Road in Plainville, CT. Taylor Perun, Senior Associate for the firm, represented the seller and procured the buyer in the $3,900,000 transaction.
Castle Apartments is comprised of 46 units; 36 market rate and 9 dedicated affordable. Local seller, Castle Apartments, Inc., sold the property to Yellowstone Property Group LLC out of New York for a price that equates to $84,782 per unit and a cap rate of 6.75 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.