April 23, 2017 Comments Off on $63M to Add Value to Seramonte Apartments Views: 184 New York News, Tri-State Area New York

$63M to Add Value to Seramonte Apartments

April 24, 2017

Detail Management, LLC, paid $63.1 million for Seramonte Apartments, a 451-unit multifamily community in Hamden, CT. That works out to nearly $140,000 per unit.

“Completed between 1965 and 1968, and owned by the same family for over 35 years, Seramonte Apartments provides new ownership with numerous proven value-add options in a market with one of the lowest vacancy rates in the country,” says Victor Nolletti, a senior managing director of Institutional Property Advisors (IPA), a division of Marcus & Millichap, which represented the seller, Seramonte Associates, and procured the buyer.

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