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A major New Haven apartment landlord is shifting its gaze northward to Hartford, paying nearly $7.1 million for two downtown properties one block apart that have both struggled with high vacancy.
Land records show that in mid-May, Greater Hartford developer-landlord Yisroel Rabinowitz sold the “Grand on Ann” apartments at 201 Ann Uccello St. for $3.15 million and the former High School Inc. building at 275 Asylum St. for $3.915 million.
Two separate LLCs bought the properties, but each is linked to New Haven-based Ocean Management and its principal Shmuel Aizenberg, records show.
It wasn’t immediately clear what plans Ocean may have for filling its newly purchased buildings with more tenants. The company owns a mix of approximately 20 multifamily and office properties in and around New Haven, according to property records.