A 34-unit apartment building developed in Seymour in 2023 has changed hands in a $10.5 million deal. In a deed recorded June 2, a 37,884-square-foot, three-story apartment building on 3.8 acres at 336 Roosevelt Drive sold to two limited liability companies affiliated with South Dakota-based real estate investor Catalina Buffalo Holdings. The property was sold […]
A 34-unit apartment building developed in Seymour in 2023 has changed hands in a $10.5 million deal.
In a deed recorded June 2, a 37,884-square-foot, three-story apartment building on 3.8 acres at 336 Roosevelt Drive sold to two limited liability companies affiliated with South Dakota-based real estate investor Catalina Buffalo Holdings.
The property was sold by a limited liability company headed by Mark E. Oczkowski, president of Oxford-based Earthworks Excavating & Landscaping. Oczkowski led the development of the apartment building, which was completed in 2023.
The sales price is indicative of the growing strength of secondary Connecticut residential real estate markets, like Seymour, said Bradley Balletto, managing director of investments for Northeast Private Client Group. Balletto and Rich Edwards, a senior associate with Northeast Private Client Group, represented the seller and secured the buyer.
Balletto noted communities like Seymour are gaining in attraction as a relative bargain to the soaring costs in nearby communities like New Haven and Shelton.
“That demand is spreading outward,” Balletto said. “I think we are seeing it everywhere.”
