Rowin Capital And Penlane Real Estate Acquire Groton Townhomes Multifamily Property For $25.4M

Groton Townhomes is a multifamily property located at 126 Litton Avenue, Groton, CT. The asset comprises 141 units and was sold for $25,400,000, reflecting a price per square foot of $180,142.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $25,400,000
• Square Footage: 141
• Price Per Square Foot: $180,142
• Buyer: Rowin Capital & Penlane Real Estate
• Broker: Bradley Balletto - NorthEast Private Client Group

Northeast Private Client Group facilitated the transaction, representing the seller from New Jersey while successfully securing the buyers, Rowin Capital and Penlane Real Estate, in the process.