DANBURY, CONN. — Northeast Private Client Group (NEPCG) has negotiated the sale of Willow Park Apartments, a 21-unit property in Danbury, 50 miles northeast of New York City. The asset traded hands for $5.2 million. Jeff Wright and Rich Edwards of NEPCG represented the seller and procured the buyer in the deal. Both parties requested anonymity. According to Apartments.com, Willow Park Apartments offers one-bedroom units that span 575 square feet.
HARTFORD, CONN. — Chozick Realty Inc. has negotiated the sale of The Mill at Still River Apartments, a 39-unit community in the northwest Connecticut of Winsted. The Mill at Still River Apartments was originally constructed as a mill in 1887. The property was converted into apartments in 1986. Units feature exposed brick walls and beams. The asset traded hands for $4 million. Steve Pappas of Chozick Realty represented the buyer and seller in the transaction. Both parties were undisclosed.
HARTFORD, CONN. — Northeast Private Client Group has negotiated the sale of a portfolio of two buildings totaling 52 units in Hartford. Taylor Perun and Cameron Formica of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the deal. The portfolio includes a building at 17 Marshall Street that features 12 studios and 13 one-bedroom units, and a building at 50 Gillett Street that houses 16 one-bedrooms, eight two-bedrooms and three commercial spaces.
BRIDGEPORT, CONN. — Northeast Private Client Group (NEPCG) has negotiated the $4 million sale of two buildings totaling 38 units in Bridgeport. Brad Balletto, Rich Edwards, Bob Paterno and Jeff Wright of NEPCG represented the seller and procured the buyer, both of which requested anonymity, in the deal. The first property, Beers Apartments, features 18 units. The second property, Wayne Studios, has 20 units.
NORWALK, CONN. — Cushman & Wakefield has brokered the $12 million sale of a 2.3-acre development site located at 370 West Ave. in downtown Norwalk, a southern coastal city of Connecticut. RMS Cos. purchased the site from Norwalk Hospital. The property formerly housed a YMCA. Al Mirin, Kate Schwartz, Matthew Torrance, Jim Fagan, Gerry Lees and Maureen O’Boyle of Cushman & Wakefield represented the seller in the deal. The buyer plans to develop a six-story, 204-unit building on the site.
GRISWOLD, CONN. — Locally based brokerage firm Chozick Realty has arranged the $30 million sale of Pleasant View Estates, a 102-unit community in Griswold, near the Connecticut-Rhode Island border. Rick Chozick of Chozick Realty brokered the deal. The buyer and seller were not disclosed. Pleasant View Estates offers two-bedroom units with an average size of 1,036 square feet and three-bedroom townhouses that range in size from 1,363 to 1,693 square feet. Amenities include a clubhouse, game room, playground and walking trails.
ASHFORD, CONN. — Northeast Private Client Group (NEPCG) has arranged the $6.1 million sale of Ashford Hills Apartments in Ashford, 34 miles east of Hartford, Connecticut. Taylor Perun and Cameron Formica of NEPCG represented the seller and procured the buyer in the deal. Both parties requested anonymity. According to Apartments.com, Ashford Hills Apartments was built in 1969 and offers one-, two- and three-bedroom units. Units range from 625 to 1,014 square feet in size.
STAMFORD, CONN. — Cushman & Wakefield has arranged $223.9 million for the refinancing of the Harbor Point portfolio in Stamford, 34 miles outside of New York City. The portfolio comprises 989 units across four buildings. John Alascio, Alex Hernandez, Alex Lapidus, Chris Meloni, Niko Nikolaou, Ryan Dowd and Brian Whitmer of Cushman & Wakefield represented the borrower in the transaction. Greystone’s Judah Rosenberg originated the four Freddie Mac mortgages, all of which featured a seven-year fixed-rate and a 35-year amortization period. The Harbor Point portfolio offers studio, one-, two- and …
MANCHESTER, CONN. — Institutional Property Advisors (IPA), a division of Marcus & Millichap, has brokered the sale of Apex One91 in Manchester. IPA’s Victor Nolletti, Eric Pentore, Wes Klockner and Ross Friedel represented the seller, Paredim Communities, and procured the buyer, Cue Residential. Built in Manchester’s Spencer neighborhood in 1991, Apex One91 comprises 110 units across seven buildings. Units come in studio, one- and two-bedroom floor plans. Amenities include a pool, clubhouse, fitness center and laundry facilities.
BRIDGEPORT, CONN. — Eastern Union has arranged a $19.3 million construction loan to facilitate the conversion of a former healthcare facility in Bridgeport into a 150-unit community. Motti Blau, Mendy Pfeifer and Hershy Fried of Eastern Union brokered the loan, which covers a 24-month period on an interest-only basis. Dov Bakon served as underwriter for the transaction. The healthcare complex was originally built in 1971 on a 15-acre site at 600 Bond St. in the North Bridgeport section of the city. The facility will undergo a gut renovation into a …