NEWINGTON: Rick Chozick and Steve Pappas of the Hartford office of investment broker, Chozick Realty, Inc. have completed the sale of Stonegate Apartments at for $6.85 at 1431 Willard Avenue, $114,166 per unit.
The complex has a mix of 20 one-bedroom and 40 two-bedroom apartments on a six acre site, with units ranging in size from 950 square feet to 1,043 square feet, the complex is consistently 100% occupied.
Chozick Realty’s announcement said the property was marketed for “under three weeks, generating multiple offers” on behalf, Rowaban Holdings owner of the complex.
The purchaser plans cosmetic renovations to the property first constructed in 1971 property, including new kitchens, bathrooms, common area and amenities.
Chozick Realty represented the seller, Rowaban Holdings as well as procuring the purchaser, Ebben Realty, a New York based investment group.