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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...

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...

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...

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...

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...

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...

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...

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...

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...

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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