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March 3, 2022

New Haven luxury apartments sell for $18.5M

PHOTO | COSTAR The Whitney Modern apartments in New Haven.
By Greg Bordonaro

A relatively new 42-unit luxury apartment development in New Haven’s East Rock neighborhood has sold for $18.5 million, land records show.

The Whitney Modern apartments at 703 Whitney Ave., which debuted in October 2020 and celebrated its grand opening a year ago, traded hands in December, land records show.

The buyers were Shlomo Katz and Shloime Rosenberg, who list Lakewood, New Jersey business addresses, state records show.

The seller was Larry Link, who is the president of New York City-based realty brokerage firm Level Group. Fink was a partner in the redevelopment project with developer Nancy Greenberg, who purchased the property about four years ago.

The property, which previously sold for $1.6 million before it was redeveloped, includes three buildings on about 1.3 acres.

That includes the Hendee home, a mansion built in 1902, that has been renovated into seven apartments. The developer preserved many aspects of the historic design, such as original paneling, marble fireplaces and hardwood floors, while also providing modern amenities.

Hendee had been a wealthy grain merchant, and the mansion was later owned by a surgeon, Dr. William Verdi, one of the founders of the Hospital of St. Raphael.

The Modern, a new construction built next to the original mansion, has an additional 35 apartments. It was designed as a “contemporary counterpoint” to the mansion’s more traditional architecture, according to the developer.

The New York-based architectural firm Gluck+, led by Yale architecture graduate Peter Gluck, designed it.

A separate carriage house that sits behind the original home has been turned into a community amenity space for the complex, with a gym, TV room, yoga/game space, conference area and children’s play room.

The apartments feature different floor plans, with one and two bedrooms, and sizes ranging from 632 to 2,225 square feet.

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Tesla-anchored Milford property sells for $7M

A Milford industrial property anchored by electric car giant Tesla has sold for $7 million, according to the broker involved in the deal.

The 70,001-square-foot property at 881 Boston Post Road sold in January.

The buyer was the Greyhill Group, a New York real estate private equity firm, according to Jon Angel, president of Southport-based commercial real estate firm Angel Commercial LLC, who brokered the deal.

The seller was GJS Properties LLC, which is controlled by Julie M. Scap of Fairfield, state records show.

Tesla leases a portion of the building as a showroom and service center for its electric vehicles, Angel said. Another 47,867 square feet of warehouse space is available for lease.

"This property caught the attention of many commercial real estate investors," said Angel. "Having Tesla as a tenant significantly strengthened the appeal of this investment.”

The building sits on 3.24 acres and features heavy power, a wet sprinkler system, and a security alarm system.

The vacant warehouse space spans two levels and features four interior loading docks, five drive-in doors, 12-inch to 18-inch ceiling heights, and 121 parking spaces, Angel said.

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North Haven office buildings sell for $3.7M

A pair of North Haven office buildings have sold for $3.7 million, property records show.

The property, at 262-264 State St., includes two buildings with 12,000 square feet and 12,987 square feet, respectively, records show.

The buyer was Hoffco State Street LLC, which is controlled by Kyle, Erika and James Hoffman, who share a Rocky Hill business address, state records show.

The seller was R P M Ventures LLC, which is controlled by Mary Beth Pantalena, who has a Madison business address.

The property was built in 2009, has 60 surface parking spaces and sits on 3.43 acres.

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