New Jersey Investor Acquires 67-Unit Apartment Complex In Manchester, Connecticut For $12M

A New Jersey real estate investor has acquired a 67-unit apartment complex in Manchester, Connecticut for $12 million. The property is located at 61 Charles Dr in the market of Manchester, CT. This multi-family asset consists of 67 units, with an average price per unit of $179,104.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $12,000,000
• Address: 61 Charles Dr
• Market: Manchester, CT

The transaction was facilitated by Eric Pentore and Victor Nolletti of Institutional Property Advisors, who served as the brokers in this deal. They played a crucial role in connecting the buyer and the seller and ensuring a successful transaction. The expertise and negotiation skills provided by Eric Pentore and Victor Nolletti were instrumental in closing the deal for the New Jersey real estate investor.