Marcus & Millichap arranges the sale of 24-unit The Sedgwick for $6 million

West Hartford, CT Marcus & Millichap negotiated the $6,000,100 sale of The Sedgwick, a 24-unit apartment property, according to Susan Bands, regional manager of the firm’s New Haven office.

Victor Nolletti and Gary Witten, investment specialists in Marcus & Millichap’s New Haven office, had the exclusive listing to market the property on behalf of the seller, a limited liability company. They also secured the buyer.

Witten said, “The Sedgwick was a unique opportunity to acquire a desirable apartment building in one of the most sought-after markets in Connecticut, with 100% occupancy and rising rent growth.”

The Sedgwick is located at 115 S Main St. The property consists of six one-bedroom units (950 s/f) and 18 two-bedroom units (1,080 s/f). The upgraded building features central heat, hot water and air conditioning, private balconies, high-speed internet, elevator, laundry facilities (smartphone operated), butterfly camera and keyless entry, storage units, assigned surface and garage parking, washer/dryers, kitchens with granite counters, kitchen islands, stainless steel appliances, and an outdoor patio with gas grill.