MARCUS & MILLICHAP COMPLETES $21.15 MILLION MULTIFAMILY SALE

EAST HAVEN, CONN. — Marcus & Millichap has completed the sale of East Farm Village Apartments, a 240-unit multifamily property located at 55 and 65 Messina Dr. in East Haven, for $21.15 million. Situated on 7.67 acres, the property comprises a 10-story, 204-unit building, as well as a four-story, 36-unit building. Units range from 635-square-foot, one-bedroom units to 1,275-square-foot, three-bedroom units. Property amenities include community rooms, a fitness area, a dining/activity room with a full kitchen, a library and game room, basketball and bocce courts, a playground area, and an outdoor patio. Steve Witten and Victor Nolletti of the New Haven, Conn., office of Marcus & Millichap represented the buyer, 65 Messina Drive LLC, as well as the seller, East Haven Real Estate Associates. Financing for the purchase was provided by the New Haven office of NewAlliance Bank.