A 176-unit apartment complex in North Haven has been sold to Waterbury investors for $14.4 million, or about $82,000 a unit, according to a broker involved in the deal.
Briarwood Hills Apartments on State Street, built in 1970, was purchased by Briarwood Hills LLC from California-based special servicer Situs, which foreclosed on the property in September.
The previous owner was Briarwood Connecticut LLC, according to online records.
While the complex was a foreclosure, the complex is typically at or near full occupancy and maintains a waiting list, Rick Chozick, of Chozick Realty in Hartford, told me today.
Chozick, who represented both the buyer and seller in the deal, declined to comment on the circumstances of the foreclosure.
Briarwood Connecticut LLC couldn’t be reached for comment.
All of the units in the complex are one bedroom, but many have dens and townhouse-style loft rooms.
The units in the complex represent a third of the 549 non-age restricted rental units in the North Haven, Chozick said.