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News: Owners Developers & Managers
Posted: February 4, 2009
Chozick Realty completes $3.55m sale of Diamond Court Apts.
Chozick Realty, Inc. completed the sale of Diamond Court Apartments located at 150 Manhan St.
This 80 unit complex was sold by non-contingent sealed bid sale for $3.55million. The sale was conducted on behalf of Diamond Court-CHFA Inc. The open marketing period was approximately 45 days from start to bid opening.
Diamond Court was built in 1992 and designed with a unit mix of 24-two bedroom; 54-three bedroom and 2-four bedroom townhouse apartments with full basements.
The apartments range in size from 795 to 1,285 s/f and have individual gas heat and central air conditioning.
Diamond Court has historically maintained an occupancy of 100% with a turn over rate of approximately 10% per year. Chozick Realty was the sole broker in this transaction.
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