–Leading investment sales firm represents the sellers and procures buyers in the transaction in Ansonia and Orange, Connecticut–
Shelton, CT (February 14, 2023)- Northeast Private Client Group® (NEPCG) has announced the sale of 256 Peck Lane in Orange, CT, and 83 Cottage Street in Ansonia, CT.
Senior Associate Bob Paterno and Senior VP Investments Brad Balletto represented the seller and procured the buyer for a multifamily investment property in Orange, CT. Spruce Manor, located at 256 Peck Lane, sold for $5,400,000. Spruce Manor is a 6-minute drive from the Pez Factory and is located minutes from the Boston Post Road.
Senior Associate Bob Paterno, Senior VP Investments Brad Balletto, and Associate Scott Randall represented the seller and procured the buyer for 83 Cottage Street, Ansonia, CT. A former Middle School building converted to a multifamily known as Lincoln Hayes Condos sold for $2,225,000 in Ansonia, CT. The property has six (6) 1-bedroom/1-bathroom units and twelve (12) 2-bedroom/1.5-bathroom units. The property is situated on a corner parcel with ample off-street parking. Strategically located in a quiet wooded hillside neighborhood just 0.5 miles from the quaint downtown, Ansonia features many notable shops, restaurants, and entertainment, 0.4 miles to the Metro-North train station, 0.3 miles to the metro bus line, and 1.5 miles to Route 8.
“Despite the shifting monetary policy landscape over the past year, we are pleased to report that the demand for multifamily investments remains strong. At Northeast Private Client Group, we are dedicated to helping our clients achieve their investment goals and are proud to continue to play a key role in this thriving market. We are thankful for the continued opportunities to serve our clients. – Bob Paterno, 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.