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January 11, 2024

Four-building, 32-unit Hartford apartment portfolio sells for $1.87M

Costar 58 Fairmount St., Hartford
By Michael Puffer

Just before the close of 2023, a portfolio of 32 apartments in four Hartford buildings sold for $1.87 million.

In two deeds recorded Dec. 27, GREF Hartford LLC sold the buildings to two separate buyers from Spring Valley, New York. The seller is tied to South Pasadena, California-based real estate investment firm GreenLake Asset Management.

A 12-unit apartment building at 1080 Broad St., sold for $325,000 to a limited liability company controlled by Moshe Grossbard, of Spring Valley, New York. This 13,424-square-foot, brick building dates to 1915, according to city assessing records.

GREF sold the apartment buildings at 58 Fairmount St., 47 Green St., and 27 Williams St. to Green Fairmont Williams LLC for $1.55 million. The buyer’s principal is Nisan Bayer, who lives in Hartford and reports a business address in Spring Valley, New York, according to state business records.

The three buildings sold to Bayer share several features in common. All host six apartments in brick buildings completed in 1910, according to city assessing records. The buildings range in size from nearly 5,000 square feet to 6,870 square feet.

Thuyan Tran, CEO of Hartford-based Oxford Realty, represented the buyers and sellers. 
 

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