Pappas of Chozick Realty brokers sale of 71-unit apartment complex for $8.585m

Meriden, CT Chozick Realty, Inc., one of the state’s longest-established multifamily brokerage firms, has brokered an $8.585 million sale of a 71-unit apartment complex at 32 Cook Ave.

The transaction was brokered by Steve Pappas, a seasoned investment sales specialist at Chozick Realty with over 20 years of experience in the field.

The property, a 71-unit apartment building located adjacent to Meriden’s Central Business District, has undergone substantial renovations in recent years, including full-unit upgrades, new windows, modernized boiler system, and enhanced security features. With a unit mix of 10 studios, 27 one-, 30 two-, and 4 three-bedroom apartments, the building consistently has 100% occupancy, offering a turnkey investment opportunity to the purchaser.

Steve Pappas led the transaction on behalf of the seller. This sale marks the second time Pappas has marketed and sold 32 Cook Ave.

“It’s our client-focused approach that brings about the best results for our owners whether on the buy or sell side of a transaction or providing consulting services,” said Rick Chozick.