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08/31/2018
New Haven-Area Rentals Fetch $136 Million in Largest Apartment Sale in Connecticut History
Boston apartment developer Jones Street Investment Partners has closed on an apartment complex near New Haven in a deal that registers as the largest single multifamily sale ever in the state of Connecticut, though the record may have a short run. Jones...

08/31/2018
Fort Independence Street Apartments in Bronx Trades for $15 Million
Investment firm River Rock Capital acquired an 83-unit apartment complex off of Fort Independence Street in the Bronx for $15 million, or approximately $180,000 per unit. The Cedarhurst, New York-based company acquired the multifamily building from...

08/28/2018
Westwood Apartments Trade for $20.9 Million in West Hartford
A joint venture between Lakewood, New Jersey-based CS Management and a private investor acquired the 200-unit Westwood Apartments in West Hartford, Connecticut from Westwood Apartments and Condos Property Management for $20.85 million, or about $104,000...

08/21/2018
Brooklyn-Based Investor Sells 27-Unit Bronx Apartment Complex for $5.5 Million
YMY Management, a Brooklyn-based investment firm, sold a 27 unit apartment complex in the Norwood neighborhood of the Bronx to a private investor for $5.45 million, or $202,000 per unit. Located at 3063 Hull Avenue, the five-story apartment building...

08/20/2018
Pine Rock Apartments in Hamden Trade for $8.4 Million
Locally-based investor Figure Eight Properties purchased the 30-unit Pine Rock apartment complex in Hamden, Connecticut for $8.37 million, or approximately $279,000 per unit. Figure Eight Properties acquired the complex from California-based investor...

08/17/2018
Investors Feeling Mobile with $134.3 Million Multifamily Buy on Alabama's Gulf Coast
A quintet of apartment properties in Alabama's preeminent port city has fetched $134.3 million. Spruce Capital Partners, of New York, and Post Road Group, of Stamford, Connecticut, acquired the five property, 1,972-unit portfolio in Mobile late last...

08/16/2018
Bridgeport-Based Investor Picks Up Two Stamford Apartments for $35 Million
The Verano, a 58-unit apartment complex in Stamford, Connecticut. Bridgeport, Connecticut-based investor Navarino Capital Management, the investment arm of Navarino Property Group, acquired two Stamford, Connecticut, apartment complexes from locally...

08/06/2018
Ginsburg Development Secures $31.5 Million Refi for The Metro
Ginsburg Development Cos. secured a $31.5 million loan for the 124-unit The Metro at 34 S. Lexington Ave. in White Plains, NY. Proceeds from the loan will be used to refinance the property that is currently undergoing a $92 million renovation. The...

07/30/2018
Connecticut Apartment Sale Shows The Growing Use of Real Estate Crowdfunding
Cove West Apartments in West Hartford.Image credit: ArborCrowd. An apartment complex purchase this month in West Hartford, Connecticut, is the latest example of the growing use of commercial real estate crowdfunding, the raising of capital for properties...

07/30/2018
Ridge Holding Corp. Sells 73-Unit Apartment Complex in the Bronx for $14 Million
Locally-based Investor Ridge Holding Corp. sold a 73-unit complex at 1459 Wythe Pl. in the Bronx to a private investor taking title as 1459 Wythe A LLC for $14 million, or about $192,000 per unit. Located within the Mount Eden neighborhood, the building...

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