James Connelly Purchases 165-Unit Multifamily Property From Elliot Bronstein For $13.5M In Indianapolis

The transaction involves a 165-unit apartment complex located at 3621 Lawnview Lane, Indianapolis, IN. The sale price for the property was $13,500,000, translating to a price per unit of $81,818. The total square footage of the asset is 268,286, resulting in a price per square foot of $50.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $13,500,000
• Units: 165
• Price Per Unit: $81,818
• Square Footage: 268,286
• Price Per Square Foot: $50
• Buyer: James Connelly
• Seller: Elliot Bronstein
• Brokers: Samuel Finkler, Harris Sonnenklar & Reese Weaver - Besen Partners
• Transaction Date: 9/5/2025
• Market: Indianapolis, IN

The deal was facilitated by the Besen Private Capital Group, representing the buyer through an established relationship with the brokers. The buyer, James Connelly, acquired their first property in Indiana as part of this transaction.