–Leading investment sales firm represents the seller and procures the buyer in four separate transactions–
Shelton, CT (May 23, 2022)- The Metro North Investment Sales Team consisting of Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno recently brokered the sale of four (4) multifamily properties in Connecticut.
Manila Avenue Apartments is a 16-unit multifamily building, a brand-new apartment complex converted in 2019. It is situated on 0.3 acres of land in a quiet neighborhood and is three (3)-miles from downtown New Haven. This property sold for $1,975,000. The turnkey investment is located at 5 Manila Avenue in Hamden, Connecticut.
Gladden Street multifamily was built in 1965 and is comprised of nine (9) spacious townhome units with off-street parking. Each unit features private entrances and in-unit washers/dryers located minutes from downtown. The total gross living area is 9,591 SF, the property’s average square foot per unit is 1066, and located at 30 Gladden Street, New Britain, Connecticut.
815 East Main, A 10-unit multifamily property located at 815 East Main Street in Waterbury, Connecticut, sold for $550,000. Constructed in 1932, East Main has an average unit size of 626 SF and a total square foot of 6,261. The units have on-street parking, spacious updated kitchens, and newer carpet and are a minute from the Brass Mill Mall.
Tremont Street Apartments is a 10-unit multifamily building located at 301 Tremont Street and 453 Allen Street in New Britain, Connecticut. Built in 1989, this property sold for $1,215,000, and the average unit size is 829 SF. It’s 1.3 miles from Charter Oak College and 2.1 miles from Central Connecticut State University.
“We continue to see strong demand for multifamily properties all over Connecticut. I’m very happy for all the buyers and sellers in these transactions.” – Brad Balletto, Senior VP, Investments
Northeast Private Client Group® specializes in 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.
