In a notable transaction within the multifamily real estate sector, a 125-year-old property in Connecticut has been sold for $1.7 million. National Multifamily Corp. President Matt Cawley played a pivotal role in this deal by representing the seller, BPC Capital Management LLC, while also successfully procuring a buyer, BBB Investors LLC. This transaction underscores the ongoing interest in historic multifamily properties, particularly in markets that exhibit resilient rental demand despite economic fluctuations.
Key highlights of the transaction include:
– **Seller Representation**: BPC Capital Management LLC was assisted by National Multifamily Corp. in unloading the asset.
– **Buyer Acquisition**: BBB Investors LLC acquired the property, signaling their strategic investment in the multifamily sector.
– **Historic Property**: The sold property, boasting 125 years of history, illustrates the market’s affinity for vintage assets that maintain potential for long-term rental yields.
– **Market Trends**: The sale reflects a continuous trend of investment in multifamily housing, highlighting investor confidence in the sustained demand for rental properties.
You can read this full article at: https://wrenews.com/5-unit-125-year-old-connecticut-multifamily-property-sells-for-1-7-million/
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