News: Connecticut
Posted: November 26, 2007
Howard, White of U.S. Properties broker $580,000 sale
Susan Howard and Jim White of U. S. Properties, Inc. sold the 200 Montauk Ave. and 208 Montauk Ave. property for $580,000. The seller of the property was the Estate of Seymour Manheimer, formerly of New London.
The property at 200 Montauk Ave. is a six-family house that was built in 1919. The property located at 208 Montauk Ave. includes four apartments and four commercial spaces. This property was built in 1900.
The buyer, Montauk Avenue, LLC, was represented by Kenny Chin of Coldwell Banker Residential. The buyers intend to upgrade both of the subject properties.
The seller was represented by attorney Warren Miller of New London. Attorney Jim Tsui of Tsui & Tse, LLC of Glastonbury represented the buyer. Funding for the purchase was provided by Imperial Capital Bank of Glendale, Calif.
MORE FROM Connecticut
Quick Hits
STAY CONNECTED
SIGN-UP FOR NEREJ EMAILS
Columns and Thought Leadership
Shawmut Design and Construction breaks ground on the 195 District Park Pavilion in Providence, RI
Providence, RI Shawmut Design and Construction celebrated the ceremonial groundbreaking for the 195 District Park Pavilion, marking the start of construction on a facility that will feature year-round dining and support space for park operations. In addition to the 3,500 s/f building, the project will include infrastructure upgrades
The New England Real Estate Journal presents
the First Annual Project of the Year Award! Vote today!
The New England Real Estate proud to showcase the remarkable projects that have graced the cover and center spread of NEREJ this year, all made possible by the collaboration of outstanding project teams. Now, it's time to recognize the top project of 2024, and we need your vote!
Investing in a falling rate environment - by Harrison Klein
Long-term interest rates have fallen by 100 basis points, and the market is normalizing. In December of 2022 I wrote an article about investing in a high interest rate, high inflation market. Since then, inflation has cooled off, and the Fed has begun lowering their funds rate.
The 2024 CRE markets: “The Ups” (industrial) and “The Downs” (Boston class B/C office) - by Webster Collins
The industrial markets have never been stronger. What has happened is that the build out of Devens with new high-tech biotech manufacturing with housing to service these buildings serves as the connector required to really make the I-495 West market sizzle. Worcester has been the beneficiary