Northeast Private Client Group Sells Multifamily Property in West Haven, CT for $7.15 Million
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily portfolio in Bridgeport, CT–
Shelton, CT (January 7, 2020) – Investment sales broker Northeast Private Client Group has announced the sale of Crestview Apartments located at 62 Treat Street in West Haven, CT. Brad Balletto, VP of investments for the firm, along with senior associates, Rich Edwards and Jeff Wright, represented the seller and procured the buyer in the $7,150,000 transaction.
Crestview Apartments, located less than 4 miles from Downtown New Haven, is a 63-unit brick apartment building in West Haven. A Bridgeport-based seller, NavCapMan LLC, sold the property to a private investor for a price that equates to $113,492 per unit and a cap rate of 6.18 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, Rhode Island 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 $1.3 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.