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Multifamily experts see adversity, selective opportunity in 2024

Multifamily experts see adversity, selective opportunity in 2024
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.

United statesNew havenWest bankRandy salvatoreThuyan tranRensselaer polytechnic instituteOxford realty group vanguardOxford realty groupDunkin parkDowntown crossing

Economic turbulence expected to tighten multifamily housing market

Veteran developer Martin J. Kenny, of Hartford-based Lexington Partners, said apartments are probably among the safest investments during periods of high inflation, but he sees a heightened number of projects going underwater as interest rates and construction costs soar.

Thuyan tranRandy salvatoreMartinj kennyCapital region development authorityHartford based lexington partnersNew britainEast hartfordCapital region developmentCapital cityPratt streetHart liftPresident randy salvatoreNorth crossingDunkin donuts park

Five Hartford apartment buildings, with 32 apartments, sell for $2 6M

Five Hartford apartment buildings, with 32 apartments, sell for $2 6M
hartfordbusiness.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hartfordbusiness.com Daily Mail and Mail on Sunday newspapers.

New yorkUnited statesYitzchok kaufmanThuyan tranMg brickNew york basedSpring valley

New Jersey investors go on Hartford apartment-buying spree

A pair of New Jersey investors recently paid $3.2 million to buy nine century-old brick apartment buildings in Hartford, containing a total of 48 residential units. Joel and Moishe Jacobowitz of Hillside, New Jersey, are principals of CT Grand LLC, a business that began a buying spree of small apartment buildings with a $195,000 purchase of a six-unit, three-story brick apartment building on Wethersfield Avenue in May.

New jerseyUnited statesFiladelfo ossinoAdrian bakrinaAmanda faroni sheehanAnthony davidsonThuyan tranMarconi enterprisesCt grandMoishe jacobowitzWethersfield avenueAmbrosy santiago

Three adjacent West Hartford apartment buildings fetch $1 9M

Three adjacent, century-old West Hartford apartment buildings with 13 total units recently sold for $1.9 million. Next Generation Park Road LLC sold the properties to Park Warren RSK LLC in a deal logged May 9. The buying LLC’s principal is Hartford-based RSK Capital LLC, whose principal is Steve Rotberg of Hartford. The sellers’ principals include Guang Zhou Li, Tommy Li, Kelly Tran Anderson, Linda Tran and Diane Tran, all sharing the same West Hartford address, according to a state business filing.

Kelly tran andersonGuang zhou liLinda tranThuyan tranSteve rotbergTommy liDiane tranPark warrenWest hartford