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April 13, 2023 REAL ESTATE

New York firm buys former Palmieri Foods property in Fair Haven for $700K

PHOTO | Courtesy Vision Government Solutions Property at 150 Wallace St.
By Liese Klein

A New York-based company has purchased the former Palmieri tomato sauce factory in New Haven’s Fair Haven neighborhood, according to city property records.

An LLC linked to Greyhill Group bought the 1.3-acre property and shuttered factory building at 150 Wallace St. for $700,000 in a deal recorded on March 29. 

The property, sandwiched between Wallace and Hamilton streets and also listed as 145 Hamilton, had been home to Palmieri Food Products, a manufacturer of tomato sauce and other Italian foods. The city moved to foreclose on the property in 2019 over unpaid taxes. 

This listed buyer is 145 Hamilton LLC, whose principals, Jacob Herskowitz, Yeshaya Cohen, Moshe Bloorian and Schneur Brook, have been active in recent years in acquiring property in Connecticut as part of Greyhill Group.

The company paid $5.9 million for a 48-unit Hartford apartment building near Hartford’s Union Station in December of last year, announcing plans to upgrade the rental units.

The Greyhill group also bought a 70,000-square-foot industrial property at 881 Boston Post Rd. in Milford for $7 million in January of 2022. As of late last year, the company owned more than 400 apartments and 800,000 square feet of industrial space in New York and Connecticut, according to a company statement.

The former Palmieri property is just north of the historic New Haven Clock Factory building. As of last year, the city had moved to foreclose on that property after a plan to turn the long-derelict structure into affordable housing appeared to stall.

Contact Liese Klein at lklein@newhavenbiz.com.

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