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Moshe Bloorian Acquires Multifamily Property In New Britain, CT For $7.5M

Property Image
SOLD
$7,500,000
Westley (Wes) Klockner

Connecticut

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MultiFamily70,528 SF
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Property Image
SOLD

Moshe Bloorian Acquires Multifamily Property In New Britain, CT For $7.5M

1300 East St New Britain, CT 06053, USA

See Similar Deals
MultiFamily70,528 SF
Sold 06/01/2023
Westley (Wes) Klockner
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Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$106
Total Square Footage:70,528 SF
Transaction Type:Sale

Moshe Bloorian has purchased two multifamily properties located at 1300 & 1412 East Street in New Britain, CT. The transaction was facilitated by Westley Klockner from Institutional Property Advisors. The properties consist of a total of 63 units, with a price per unit of $119,048. The combined square footage of both properties is 70,528, with a price per square foot of $106. The total sale price for the transaction was $7,500,000.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $7,500,000
  • Units: 63
  • Price per Unit: $119,048
  • Square Footage: 70,528
  • Price per Square Foot: $106
  • Buyer: Moshe Bloorian
  • Seller: Robert Wolf
  • Broker: Westley Klockner - Institutional Property Advisors

The transaction was completed as part of the strategic acquisition and repositioning efforts of Greyhill Group. For any opportunities or additional information, contact Greyhill Group at [email protected], [email protected], or [email protected].

Players

Westley (Wes) Klockner
5 deals$136.1M volume(972) 755-5303
BROKER

Moshe Bloorian
GreyHill Group
12 deals$94.4M volume
BUYER

Moshe Bloorian
12 deals$94.4M volume
BUYER

Details

SOLD
IMAGE: Moshe Bloorian & David Aziz DATE: 06/01/2023 ADDRESS: 1300 & 1412 East Street MARKET: New Britain, CT ASSET TYPE: Multifamily BUYER: Moshe Bloorian (@GreyhillGroup) SELLER: Robert Wolf BROKER: Westley Klockner (@WestleyKlockner) - Institutional Property Advisors SALE PRICE: $7,500,000 UNITS: 63 ~ PPU: $119,048 SF: 70,528 ~ PPSF: $106 NOTE FROM @GreyHillGroup: Greyhill Group is a commercial real estate company focused on the acquisition and repositioning of industrial and multifamily assets across the tri-state area and nationwide. Contact Greyhill Group with any opportunities at [email protected]/[email protected] or [email protected].

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