Multi-Family Complex Sells For $3.6M in West Haven

WEST HAVEN, CT — A multi-family apartment complex in West Haven has sold for $3.6 million, Michael Richetelli, President and Designated Broker of Colonial Properties, Inc., recently announced.

Fred A. Messore, Senior Vice President, represented the seller, in the sale of 125 Coleman Street, West Haven for $3.6 million. The investment property consists of two fully leased apartment buildings, one 18 unit and another 12-unit, on 1.84 +/- acres (30 units in total), according to a press release. To sign up for West Haven breaking news alerts and more, click here.

“This transaction demonstrates the high demand for stabilized multifamily properties in the Greater New Haven market,” Richetelli said. “We had significant interest in this asset and realized a high per unit sale price for the seller.”

Benjamin Hale of Hale Real Estate represented the buyer in the transaction. The seller’s attorney was Attorney Jerome A. Lacobelle Jr. and Attorney Lawrence Levinson; the buyer was represented by Vincent Falcone, Esq.

Contributed photo and press release

Like West Haven Patch on Facebook below: