News: Front Section
Posted: August 6, 2021
Strickling and Dube of Sky Realty Group broker $10.65 million sale of Avery and Boardsen Apartments - which contains 112 apartment units
Groton, CT Sandy Strickling and Anne-Marie Dube of Sky Realty Group have brokered the sale of Avery and Boardsen Apartments, 112 apartment units, located in a desirable shoreline community near Electric Boat, General Dynamics, Pfizer, & US Sub Base with access to I-95, New York and Boston.
Rhode Island-based investor acquired Avery and Boardsen Apartments for $10.65 million ($95,089 per unit).
The Avery property is comprised of three brick buildings, consisting of 72 apartment units. The two-story apartment complex offers 108,873 rentable s/f consisting of 25 two-bedroom, 1one-bath apartments and 47 one-bedroom apartments. The property features spacious units with updated mechanicals, roofs and windows.
The Boardsen property is comprised of 10 sided buildings, consisting of 40 apartment units. The two-story apartment complex offers 32,480 rentable s/f consisting of 27 two-bedroom, one-bath apartments and 13 one-bedroom apartments. The property lists on 2.13 acres on a cul-de-sac and features updated mechanicals. The property was purchased with upside potential with the intention of converting it to upscale living.
Strickling and Dube of Sky Realty Group represented both the buyer and the seller.
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