April 23, 2017 Comments Off on $63M to Add Value to Seramonte Apartments Views: 352 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.

Read More at BusinessWire

Connect with IPA’s Nolletti

For comments, questions or concerns, please contact Bendix Anderson

Subscribe to Connect Daily New York

Tags: , , , ,

Comments are closed.