Northeast Private Client Group® Sells $3,750,000 in Multifamily Real Estate

–Leading mid-market investment sales firm represents the seller and procures buyer in the transaction in Hartford, Connecticut–

 

Shelton, CT (July 26, 2021)– Northeast Private Client Group® (NEPCG) has announced the sale of Saint Augustine and Saint Peters School Redevelopment Portfolio located at 20 Clifford Street and 11 Charter Oak Place in Hartford, Connecticut respectively. Senior Associate Taylor Perun and Investment Associate Alex Burr represented the seller and procured the buyer in the $3,750,000 transaction.

 

Saint Augustine School is a fully approved 47-unit redevelopment opportunity. This 60,786 SF building was built in 1939 and sits on 1.79 acres of land. The project breakdown is 29 one-bedroom units and 18 two-bedroom units.

 

Saint Peters School, a 53-unit redevelopment opportunity was built in 1913. It is a 56,296 SF building on 1.93 acres of land. This property is made up of 11 studio, eight (8) one-bedroom, and 33 two-bedroom units. Saint Peters Church was also included in this sale.

 

“This sale continues to represent investors commitment and bullish attitude in the capital city. There are numerous development projects in Hartford that aim to revitalize neighborhoods and bring people back into the city.” -Taylor Perun, Senior Associate

 

Northeast Private Client Group® specializes in mid-market mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.