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Pearce Brokers $5M Sale of Multifamily, Office Properties in New Haven, Connecticut

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The three properties, including the Farrel Mansion, will be used for dorm space.

NEW HAVEN, CT. — Pearce Real Estate has brokered the $5 million sale of three adjacent multifamily and office properties in New Haven. The properties comprise the Farrel Mansion at 490 Propspect St.; Doane Hall at 492 Prospect St.; Great Hall at 411 Mansfield St. Combined, the properties offer 28,659 square feet that the buyer, Albertus Magnus College, plans to use for additional dorm space. Jamie Cuzzocreo of Pearce represented Albertus Magnus in the transaction. Frank D’Ostilio of Real Living represented the seller, Overseas Ministries.

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