A New Haven-based real estate investor and developer has paid $15.3 million for a 138-unit apartment building in Meriden.
In a deed recorded Tuesday, a Lakewood, New Jersey-based limited liability company controlled by Benjamin Weinstein sold the five-story, 1972-vintage Kennedy Building on 2.4 acres at 71 Catlin St. to another LLC controlled by Yohay Levram, of New Haven.
The buying LLC’s principals include Levram and GLI Holdings LLC, a company whose principal is also Levram.
In tandem with the real estate purchase, Levram, GLI Holdings and Ligad Itzchak Rotlevy assumed an $11 million loan that Delaware-registered Greystone Servicing Co. LLC issued to Kennedy Holdings in 2023. That note and security agreements have since been assigned to Fannie Mae, with Greystone continuing to service the loan.
Rotlevy and Levram signed on as the new guarantors of the loan, with Levram signing for himself and GLI Holdings. N. Tyler Darby signed the loan transfer on behalf of Greystone.
The 116,819-square-foot Kennedy Building was completed in 1921 and features a brick and concrete exterior. According to a release by Sky Realty, the property offers an opportunity to add value in a high-demand rental market. The property has seen recent improvements to common areas and features on-site laundry facilities.
Sandy Strickling, Anne Marie Dube and Vianeliz Henriquez of West Hartford-based Sky Realty Group represented the buyer.
Bradley Balletto and Taylor Perun of Northeast Private Client Group represented the seller.
