Chozick Realty completes $42 million sale of 189-unit Avon Woods Apartments

Avon, CT Chozick Realty - CRXE Group have completed the $42 million sale of Avon Woods Apartments, a 189-unit apartment community.

Located on 47 acres, Avon Woods is a desirable apartment complex in the greater Hartford region. Residents have a combination of privacy with grounds, woodlands, walking trails and frontage on the Farmington River as well as being well located at the junction of Rtes. 10 and 44 with access to all of the town and the surrounding communities throughout the Farmington Valley, West Hartford and Hartford.

Chozick Realty - CRXE Group was the sole broker in the transaction, representing the seller and procuring the buyer. The transaction was handled by the Chozick Realty team of Rick Chozick, Tom Boyle, and Steve Pappas. 

The town benefits from schools, strong household incomes, and a high quality of life. With its location the multifamily market remains constrained due significant barriers to entry, creating a favorable long-term investment environment and ensuring the property’s competitive position.

Avon Woods large apartment layouts range from over 925 s/f for one-bedroom apartments to 1,300 s/f for three-bedroom residences. The Avon Woods one-bedroom size would be considered large for a two-bedroom in the local market, said Pappas and Boyle. 

In recent years an extensive renovation program enhanced both the apartments and common areas. Renovated units feature upgraded kitchens, bathrooms, flooring, lighting, and finishes, while the common areas were completely redone to create a modern luxury residential look and feel. Other amenities include private balconies, swimming pool, tennis courts and walking trails.

“Avon Woods has long been one of the premier multifamily properties in Connecticut and we are proud to have represented this property through four separate sales since 2014 when we represented the original developer’s family in its first sale.,” said Rick Chozick, president of Chozick Realty, Inc.