Colonial Foundry Ventures Acquires West Haven Multifamily For $8.3M

The multifamily property located at 842 1st Ave. in West Haven, CT has been sold in a transaction that was finalized on June 18, 2021. The property, with a total square footage of 76,208, was sold for a price of $8,300,000, resulting in a price per square foot of $109.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $8,300,000
• Address: 842 1st Ave., West Haven, CT
• Market: West Haven, CT

The seller, Foundry Colonial Owner, LLC, sold the property to the buyer, Colonial Foundry Ventures, LLC. The deal was facilitated by brokers Eric Pentore and Wes Klockner from The Nolletti Group at Marcus and Millichap. The transaction involved a total of 69 units, with a price per unit of $120,289.