REBusinessOnline

Up Realty Acquires Three Multifamily Properties in Connecticut for $6.7M

HARTFORD AND NEW BRITAIN, CONN. — Up Realty, a New York-based investment group, has purchased three multifamily properties located in Connecticut in three separate transactions totaling $6.7 million. In the first deal, the buyer acquired Mark Twain Apartments, located at 367-381 Farmington Ave. in Hartford, for $2.6 million, or $40,000 per unit. The property features 65 apartments in a mix of studio, one-, two- and three-bedroom layouts.

In the second transaction, Up Realty purchased Candlewood Apartments, located at 123-131 Clinic Ave. in New Britain, for $2.6 million, or $66,250 per unit. Situated on 1.7 acres, the property features 40 two-bedroom apartments.

In the third deal, the buyer acquired Cardinal Hill Apartments, located at 265 Kensington Ave. in New Britain, for $1.5 million, or $51,724 per unit. The 29-unit property features large studio units with private balconies.

Steve Pappas of Chozick Realty represented the undisclosed sellers and procured the buyer in all three transactions.

Get more news delivered to your inbox. Subscribe to France Media's e-newsletters. Click here.



Related News

Conferences