WEST HAVEN:, An 18 unit apartment and 12 unit apartment buildings at 125 Coleman Street sold for $3.6 million. Fred Messore, senior vice president at Colonial Properties, Inc., represented the seller and Benjamin Hale of Hale Real Estate represented the buyer in the transaction. The seller’s attorney was attorney Jerome Lacobelle Jr. and attorney Lawrence Levinson; the buyer was represented by Vincent Falcone, Esq.
“This transaction demonstrates the high demand for stabilized multifamily properties in the Greater New Haven market. We had significant interest in this asset and realized a high per unit sale price for the seller,” said Michael Richetelli, president and designated broker of Colonial Properties.