MARCUS & MILLICHAP COMPLETES $2.6 MILLION APARTMENT SALE

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NEW HAVEN, CONN. — The New Haven office of Marcus & Millichap has completed the sale of Terrace Heights Apartments, located at 70 Terrace St. in New Haven, for $2.6 million. The 41-unit community consists of nine buildings, and is a mix of 33 one-bedroom units and eight two-bedroom units. One-bedroom units range between 600 and 712 square feet, and two-bedroom units average approximately 815 square feet. Steven Witten and Victor Nolletti of Marcus & Millichap were the sole brokers in the transaction between the buyer, Green Properties Management, and the seller, 84 Terrace Street LLC. The property traded at a price of $63,415 per unit.

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