Northeast Private Client Group Orchestrates $2M Sale of Apartment Community in Connecticut

AMSTON, CONN. — Northeast Private Client Group has arranged the sale of a 32-unit apartment community in Amston. The property traded for $2 million, which equates to a capitalization rate of 6.8 percent based on current net operating income. Taylor Perun and Rob Fiamengo of Northeast Private Client Group represented the seller, Hebron Properties, in the transaction. The buyer was Spin Ghar Properties LLC. The property is located at 102 Wellswood Road.