Northeast Private Client Group Sells Multifamily Property in Waterbury, CT for $1.9 Million

Northeast Private Client Group Sells Multifamily Property in Waterbury, CT for $1.9 Million

Leading mid-market investment sales firm represents seller and sources buyer for multifamily property–

 

Shelton, CT (December 23, 2019) – Investment sales broker Northeast Private Client Group has announced the sale of Piping Rock Apartments located at 1579 Hamilton Avenue in Waterbury, CT. Taylor Perun, Senior Associate for the firm, represented the seller and procured the buyer in the $1,900,000 transaction.

 

Piping Rock Apartments is a multifamily property in a desirable Waterbury location consisting of 31 one-bedroom units. Brooklyn-based seller, 1579 Hamilton Avenue LLC, sold the property to Brooklyn-based investor, Rosen Equities Group LLC, for a price that equates to $61,290 per unit and a cap rate of 6.84 percent.

 

View property details here.

 

 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.