Up Realty Acquires Three Multifamily Properties in Connecticut for $6.7M
HARTFORD AND NEW BRITAIN, CONN. — Up Realty, a New York-based investment group, has purchased three multifamily properties located in Connecticut in three separate transactions totaling $6.7 million. In the first deal, the buyer acquired Mark Twain Apartments, located at 367-381 Farmington Ave. in Hartford, for $2.6 million, or $40,000 per unit. The property features 65 apartments in a mix of studio, one-, two- and three-bedroom layouts.
In the second transaction, Up Realty purchased Candlewood Apartments, located at 123-131 Clinic Ave. in New Britain, for $2.6 million, or $66,250 per unit. Situated on 1.7 acres, the property features 40 two-bedroom apartments.
In the third deal, the buyer acquired Cardinal Hill Apartments, located at 265 Kensington Ave. in New Britain, for $1.5 million, or $51,724 per unit. The 29-unit property features large studio units with private balconies.
Steve Pappas of Chozick Realty represented the undisclosed sellers and procured the buyer in all three transactions.