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Trio of multi-family properties sell for combined $12.7M

Three multi-family apartment buildings in Hamden, Branford and Danbury sold recently for a total of $12.7 million.

Willow Woods Apartments, a 52-unit complex at 655 Fitch St., Hamden, sold for $6.5 million. Built in 1973, it has a mix of one, two and three-bedroom apartments, with flat and townhouse-style layouts.

Cedar Street Apartments, an 18-unit apartment building at 78 Cedar St., Branford, sold for $2.68 million. The property had previously been a senior living home, but was converted into apartments in 2011, when it was gutted and remodeled.

Cedar Street Apartments

Willow Park Apartments, a 21-unit property at 113-115 Park Ave., Danbury, sold for $3.55 million. 

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The seller was Palladian Management, and the buyer was Stockbridge Capital.

Shelton-based Metro North Investment Sales Team at Northeast Private Client Group represented the seller and procured the buyer. The team included Vice President of Investments Bradley Balletto, Senior Associates Jeff Wright and Rich Edwards, Investment Associate Robert Paterno and Associate John Lockhart.

“These three sales demonstrate the strong demand for well-located multi-family investment properties throughout Connecticut,” Balletto said in an announcement.

Contact Michelle Tuccitto Sullo at msullo@newhavenbiz.com.

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