Chozick Realty sells 20-unit multi-family for $1.345 million - Sherman Apartments

Hartford, CT Chozick Realty, Inc. facilitated the sale of The Sherman Apartments, a 20-unit multi-family property located at 26–30 Sherman St., in the West End Neighborhood, for $1.345 million.

Chozick Realty marketed this property for 30 days ending in a call for offers on behalf of a lender/owner. On the offer date, 21 offers were received with multiple non-contingent over-asking price offers tendered. 

Chozick Realty represented the seller as well as procuring the buyer in this transaction. 

With a balanced unit-mix ranging from studios to three-bedroom apartments, the property is well positioned for unit upgrades with high appeal within the local market.

Jordan Pinto of Chozick Realty said “the level of interest in this property illustrates the high demand for well-located properties with upside growth through apartment and building upgrades as evidenced by the 35 investor groups who toured the property in a three week active marketing period”.

Rick Chozick describes The Sherman as a classic ‘Add Value’ investment opportunity, located approximately 800 ft. from the entrance of the University of Connecticut Law School and within walking distance to such employers as Aetna Insurance Company and downtown in the city.