by | Aug 10, 2022 2:30 pm | Comments (2)
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The Frontier building at 310 Orange, now under new ownership.
A New Jersey-based real estate company has purchased the Frontier Communications building on Orange Street for over $73.8 million, providing a cash infusion for the Norwalk-based telecommunications company — which subsequently signed a 20-year lease with its new landlords.
by | Aug 8, 2022 12:02 pm | Comments (7)
Thomas Breen photos
Shneor Edelkopf flips, clockwise from top left: 106 Bassett, 47 Hillside, 232 West Hazel, 268 Exchange.
Real estate investor Shneor Edelkopf has kicked his rental-property-flipping business into high gear this summer — as his companies have bought and promptly sold four apartment buildings in five weeks, at a combined markup of $364,000.
by | Jul 7, 2022 1:45 pm | Comments (10)
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The Liberty apartment building on Temple Street.
LinkedIn photo
Seller Gideon Friedman: Pockets $11M above city's appraisal.
The 124-unit Liberty apartment building on Temple Street has sold for $29.1 million — becoming the latest large downtown residential complex to change hands for millions of dollars above its city-appraised value.
by | Jun 22, 2022 2:30 pm | Comments (2)
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New property manager Joe Katz at 76 Sherman Ave.: "Things look fine."
A 22-unit Sherman Avenue apartment complex once known as “The Cage” has changed hands for $3.3 million — nearly twice the amount its former landlord paid for the property seven years ago.
by | May 26, 2022 4:41 pm | Comments (2)
A sculpture by artist Yvonne Shortt on display outside 51 Trumbull St.
Clockwise from upper left: ECOCA board members Suneet Talpade, Jeanne Criscola, Debbie Hesse, Jeanne Ciravolo.
A downtown visual arts nonprofit has closed on its purchase of the John Slade Ely House — warding off the building’s potential sale to a residential developer, with the help of a loan from two Fair Haven businessmen.
Continue reading ‘Property Roundup: Nonprofit Buys Ely House For $800K; LCI Buys Blighted 3-Family’
by | May 17, 2022 3:56 pm | Comments (15)
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201 Munson: Enough $ now on hand to turn this into ...
Ironburgh Organization image
... this?
A New York City-based developer claims his company is just weeks away from resuming work on a long-delayed, nearly 400-unit apartment complex on the Dixwell/Newhallville/Science Park border — thanks to yet another ownership reshuffling, as well as a newly pulled $78 million mortgage loan.
Continue reading ‘Stalled Apt. Plan Gets $78M Cash Infusion’
by | Apr 22, 2022 10:24 am | Comments (7)
A rendering of 2972 Dixwell Ave.'s future with Vessel.
A New York City developer working to bring “aspirational” affordable apartments to New Haven, Stratford and New London has its sights set on a town-owned parking lot in Hamden — and is promising that the company will build on the town’s sense of community.
by | Apr 21, 2022 2:03 pm | Comments (36)
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YouTube image
Parisier: Outbids Taxman.
An Elmsford, N.Y.-based investor has purchased the historic 198-unit Taft apartment building downtown for $52.5 million — nearly double the amount at which the city just appraised it for tax purposes.
by | Apr 11, 2022 5:03 pm | Comments (4)
Nora Grace-Flood Photos
From partial demolition ...
... to delivery. Developers finally get Pinto House into right position Monday.
New Haven’s 200-year-old William Pinto House inched closer Monday to its new destination: A plot of now-torn-up asphalt and dirt roughly 90 feet away from where it was originally built circa 1810.
by | Apr 5, 2022 4:25 pm | Comments (21)
Thomas Breen / Google Map photos
Wooster Square apartments purchased by Mandy over the past two years. Top row, left to right: 23 Brown St., 19 Brown St., 17 Brown St. Middle row: 208 Wooster St., the Wooster Street arch (not owned by Mandy), 604 Chapel St. Bottom row: 325 St. John St., 191 Wooster St., 533 Chapel St.
Affiliates of Mandy Management bought seven apartments and a vacant lot on Brown Street for $1.1 million — the latest instance of the local megalandlord’s two-year, $14 million-and-counting expansion into Wooster Square real estate.
Continue reading ‘Property Roundup: Mandy Grows In Wooster Sq.’
by | Mar 14, 2022 1:00 pm | Comments (19)
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A Roomunity rental property in East Rock.
Farnam Realty photo
Lee: Biz getting bigger.
A furnished-housing rental business spent over $3 million adding 21 apartments to its growing local real estate holdings, in some of the city’s latest property transactions.
Continue reading ‘Property Sales Round-up: Millions Fuel Growth Of Furnished-Apt. Biz’
by | Mar 11, 2022 3:57 pm | Comments (22)
Farnam Realty image
Locations of Ocean properties for sale.
Thomas Breen photo
Ocean's Aizenberg: Strategic pivot.
Anyone looking to buy 101 multi-family homes in New Haven … as part of a $52 million package deal?
Local megalandlord Ocean Management is asking that question, as it has put up for sale hundreds of local apartments in a bid to cash in on the city’s hot real estate market and transition from poverty rentals to new market-rate construction.
by | Mar 1, 2022 6:53 pm | Comments (43)
Rendering of project facade.
“This is absolutely ridiculous, who you people are. This is unbelievable. We’re trying to make a significant investment in your area. You really want the buildings that are there to continue to be there the way like this? You’re happy with the status quo?”
Jared Hutter — CEO and co-founder of real estate firm Aptitude Development — said that to the East Rock Community Management Team at a combative meeting Monday night.
He got as good as he gave.
by | Feb 21, 2022 2:54 pm | Comments (0)
Cafe Amici is expanding their hold on Hamden, as is local mega landlord Mandy Management, according to the town’s most recent property transactions.
Continue reading ‘Hamden Property Sales Round-Up: Mandy Grows On Newhall’
by | Feb 15, 2022 3:20 pm | Comments (0)
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1041 State St., future home to 75 new apartments.
A Fairfield-based developer purchased an Upper State Street warehouse for $1.35 million, as it moves ahead with its plans to build a new 75-unit apartment building across the street from the Corsair.
Continue reading ‘Property Sales Roundup: "Corsair Cousin" Builder Pays $1.35M On Upper State’
by | Feb 7, 2022 2:38 pm | Comments (0)
Nora Grace-Flood photo
2749-51 Dixwell Ave., office buildings bought by an apartment investor.
Three groups known for buying up properties throughout New Haven County now own more land in Hamden than they did a few weeks ago.
Continue reading ‘Hamden Real Estate Roundup: LLCs Keep On Consuming’
by | Feb 7, 2022 9:11 am | Comments (21)
Thomas Breen Photos
City Assessor Alex Pullen: Crunching the numbers.
The final numbers are in: New Haven’s taxable grand list grew by over 32 percent — to a whopping total of nearly $8.9 billion — at the end of a citywide revaluation cycle that saw the local housing market overflowing with cash.
At least for those buying, selling, and investing in real estate.
Continue reading ‘After Reval, Grand List Skyrockets By 32%’
by | Jan 28, 2022 12:06 pm | Comments (5)
Thomas Breen photo
Industrial warehouse property now under new ownership.
Criterion Group's Shibber Khan: One year, $27M+ spent on New Haven real estate.
A Queens-based real estate investment group spent over $21 million buying three industrial waterfront properties in the Annex, in some of the city’s latest property transactions.
by | Jan 21, 2022 3:36 pm | Comments (1)
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311 Blake St., now owned by an affiliate of Ocean Management.
A local megalandlord expanded its domain in Westville/Beaver Bills by buying up a 70-unit apartment complex on Blake Street for $9.2 million.
by | Jan 21, 2022 3:33 pm | Comments (5)
Lyman pies: Soon to be "made in New Haven."
Lyman VP John Lyman.
A Middlefield-based apple orchard company is moving some of its pie-baking business to New Haven, after purchasing three industrial buildings in Wooster Square and Long Wharf for $3 million.
Continue reading ‘Farm-To-City: Pie-Baking Biz Moving To Town’
by | Jan 17, 2022 4:04 pm | Comments (5)
320 Hogan Rd., now owned by Quinnipiac.
Quinnipiac University acquired another single-family home for future student housing, while Mandy Management expanded their holdings in town, in some of the most recent of Hamden property transactions.
by | Jan 11, 2022 9:58 am | Comments (10)
Maya McFadden photo
At the Whitney Modern's February 2021 ribbon cutting; 10 months later, a new owner paid more than twice the city-appraised value.
Thomas Breen photo
The "Whitney Modern" and the former American Red Cross-turned-apartment building at 703 Whitney Ave.
A newly built 42-unit East Rock luxury apartment complex sold for $18.5 million to a New Jersey-based investor duo that has poured tens of millions of dollars over the past year into New Haven real estate — in the latest example of the city’s housing market overflowing with cash, at least for those buying and selling.
Continue reading ‘"Whitney Modern" Luxury Apts. Sold For $18.5M’
by | Jan 7, 2022 1:00 pm | Comments (10)
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Elizabeth Street resident Marcus Pearson in front of 794 Dixwell: Methadone clinic relocation is "a good idea" for neighbors in need of treatment.
A methadone clinic and healthcare nonprofit plans to relocate from Long Wharf to Newhallville, after purchasing a Dixwell Avenue former middle school building for $2.45 million.
by | Jan 6, 2022 1:00 pm | Comments (11)
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The former Quinnipiack Club at 221 Church St. (left), now owned by Biohaven, which has its headquarters right next door at 215 Church St. (right).
In a reflection of the changing makeup of New Haven’s business sector, a locally based, publicly traded biopharmaceutical company has purchased the historic Quinnipiack Club building on Church Street for $4.1 million.
by | Jan 3, 2022 11:04 am | Comments (15)
Thomas Breen photos / city assessor database photos
Some Mandy properties acquired in 2021. Top row: 530 Winthrop Ave., 76 Third St., 6 Arch St. Middle row: 295 Lloyd St., 16 condos at 570 Whitney Ave., 84 Bassett St. Bottom row: A former Catholic school at 22 Richard St.; 188 James St., 181 Lombard St.
Second of two articles.
Affiliates of Mandy Management spent another $58 million in 2021 buying 179 properties containing 558 different apartments, cementing the outfit’s role as one of New Haven’s largest landlords for low-income renters.
Four recent financial-industry reports offer a detailed look at how the real estate empire operates and rose to that role.