A limited liability company affiliated with Shelton-based real estate firm Alpha Capital has purchased a 19-unit Middletown apartment building for $1.5 million.
South Main Apartments LLC paid $1.2 million for the three-story, 12,704-square foot building on one-fifth of an acre at 142 South Main St. in 2016. The entity, whose principal is David A. Mesite, of Chester, sold the property to Alpha Middletown II LLC in a sale recorded June 25.
The brick-sided building was completed in 1987.
The buyer’s principal is Tyler Smith, CEO and founder of Alpha Capital.
