Northeast

NEW YORK CITY — New York City-based Jonathan Rose Cos. has acquired a 198-unit affordable housing portfolio in Harlem, New York City, for approximately $26.5 million. The portfolio consists of 10 six-story, elevator-served buildings located at 107-145 W. 135th St. The buildings also contain 4,500 square feet of ground-floor retail space. Jonathan Rose renewed the buildings’ HUD Section 8 contract for an additional 20 years and plans to renovate the property with a focus on energy efficiency and sustainability. The acquisition was made on behalf of The Rose Smart Growth Investment Fund I, the company’s real estate investment fund.

WATERBURY AND NEW BRITAIN, CONN. — The Hartford, Conn., office of Chozick Realty has arranged two Connecticut multifamily sales totaling $5.72 million. In Waterbury, Rick Chozick and Marty Levitz of Chozick Realty arranged the $3.55 million sale of Diamond Court Apartments. The community comprises 80 townhome apartments in a mix of 24 two-bedroom, 54 three-bedroom and two four-bedroom units. Apartment sizes range from 795 to 1,285 square feet. In addition, 40 percent of the apartments are reserved as affordable housing for those making less than 60 percent of the median area income. The seller was Diamond Court-CHFA, Inc. The buyer, Diamond Court Realty, Inc., acquired the property in a sealed bid.

WATERBURY AND NEW BRITAIN, CONN. — The Hartford, Conn., office of Chozick Realty has arranged two Connecticut multifamily sales totaling $5.72 million. In Waterbury, Rick Chozick and Marty Levitz of Chozick Realty arranged the $3.55 million sale of Diamond Court Apartments. The community comprises 80 townhome apartments in a mix of 24 two-bedroom, 54 three-bedroom and two four-bedroom units. Apartment sizes range from 795 to 1,285 square feet. In addition, 40 percent of the apartments are reserved as affordable housing for those making less than 60 percent of the median area income. The seller was Diamond Court-CHFA, Inc. The buyer, Diamond Court Realty, Inc., acquired the property in a sealed bid. In New Britain, Rick Chozick and Ryan Perkoski, also of Chozick Realty, arranged the $2.17 million sale of Edgewood Apartments. The community consists of two brick buildings with a mix of 10 one-bedroom units and 30 two-bedroom units. Occupancy was 95 percent at the time of closing. The seller was Edgewood Properties LLC and the buyer was Marconi Enterprises.