Northeast Private Client Group sells four buildings for $5.45 million

December 09, 2015 - Connecticut
105 Court Street - New Haven, CT 105 Court Street - New Haven, CT

New Haven, CT Investment sales broker Northeast Private Client Group has completed the sale of four buildings. Edward Jordan, JD, CCIM, the firm’s managing director, Bradley Balletto, its regional manager, and David Almeida, a senior associate in the firm’s Connecticut office, represented the sellers and sourced the buyers in multiple transactions totaling $5.45 million. 

“The success of these transactions is the direct result of our relationship approach to investment sales,” said Jordan.  “Leveraging our multi-state platform enabled us to source the most qualified buyers for each of these assets.”

On September 18, Northeast Private Client Group closed the sale of 105 Court St., a 30,000 s/f mixed-use commercial property at the corner of State St. The seller, PMC Property Group of Philadelphia, transferred the property to New Haven-based MOD Equities LLC for $1.9 million. 

Also on September 18, Northeast Private Client Group closed the sale of the Crawford House Apartments located at 101 Grand St.  This 12-unit multifamily property traded for $300,000 in an off-market transaction.  The seller, Harvest Apartments, is a national multifamily investor based in Wethersfield.  The buying entity is affiliated with Navarino Capital Management of Bridgeport, an owner/operator of southern New England multifamily and commercial assets. Goldman, Gruder & Woods, LLC, was the buyer’s legal representative.

Northeast Private Client Group also closed the sale of 115 Pendleton St., a 30-unit multifamily property near the intersection of Whalley Ave. and Ella Grasso Blvd. The seller, For Life LLC of New Haven, transferred the property to New York-based Cypress Circle Corp for $2.2 million. 

Lastly, on October 8, Northeast Private Client Group closed the sale of a 21-unit multifamily portfolio comprising properties located at 271 Sherman Ave., 25-29 Judith Terrace  and 195-199 Lenox St.  The seller, Kris Andrew Properties LLC of New Haven, transferred the property to New Haven-based Super Zen LLC for $1.05 million. 

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