Connecticut Multifamily Portfolio Sells for $92.5 Million

Posted on Feb 10 2016 - 10:57pm by Lance Edwards

(MIDDLETOWN, CT)— A 650-unit multifamily portfolio has just sold for $92.5 million in Connecticut.

Marcus & Millichap announced the sale of Madison Chestnut Hill and Madison Northwoods in Middletown at a price of just over $142,000 per door, according to Boston Real Estate Times.

The properties are 10 minutes south of downtown Hartford, and feature a clubhouse, billiards room, library, tennis court, indoor racquetball court, indoor Jacuzzi, large swimming pool, fitness center, and walking trail.

The properties were constructed in 1986.