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Connecticut
Posted: January 21, 2022
Pentore, Nolletti and Klockner of Institutional Property Advisors broker sale of Folly Brook Manor
Wethersfield, CT Institutional Property Advisors (IPA), a division of Marcus & Millichap brokered the sale of Folly Brook Manor, a 184-unit property.
“Historically an investor-owned condominium rental housing, Folly Brook Manor is now wholly owned by one entity,” said Eric Pentore, IPA first vice president of investments. “Wethersfield is a highly desirable suburban Hartford municipality, proximate to major area employment drivers, a strong education system and excellent overall quality of life. The town’s average annual household income is $108,251. Wethersfield will continue to be a highly desirable option for those seeking lower-density housing.”
IPA’s Pentore, Victor Nolletti, and Wes Klockner represented the seller and procured the buyer.
The property is located near the Berlin Tpke., I-84 and I-91 and Silas Deane Hwy./Rte. 99, providing access to the Hartford central business district.
Folly Brook Manor is a seven-building asset built in 1961 on 17 acres. The unit mix is 800 s/f, two-bedroom one-bath units.
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Connecticut
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