31-unit apartment building in Waterbury fetches $1.9M

A century-old apartment building with first-floor retail in Waterbury recently sold for $1.9 million.

In a deal recorded Sept. 16, Chevron LLC sold the 112-year-old, 22,354-square-foot building at 174 Willow St., to a Montvale, New Jersey-based limited liability company headed by Israel Wiznitzer.

The principal of the seller is David Sigal, of Spring Valley, New York.

The four-story, brick-sided building has four commercial spaces on the first floor. It sits on a little more than a tenth of an acre along a busy corridor in a depressed neighborhood.

Chevron LLC purchased the building in a sale recorded in March 2021, paying $95,000 more than the building sold for in the most recent sale, according to city assessing records.

Amanda Faroni-Sheehan, vice president of commercial investments for Oxford Realty Group with Vanguard PCG, represented Wiznitzer’s company. The seller was represented by Sandy Strickling and Anne-Marie Dube of Sky Realty Group LLC.

Dube said the property really sold for a profit, because Chevron had received credit back – which was invested into renovations – as part of the 2021 sale.