Press Release

April 7, 2025

Hartford, CT – Chozick Realty Inc., Connecticut’s longest-established multifamily brokerage firm, is pleased to announce the successful sale of Webb Manor Apartments, a 43-unit multifamily community located at 76 Webster Street in Hartford, Connecticut. The property sold for $4,085,000, representing a strong price of $95,000 per unit.

The transaction was brokered by Chozick Realty Inc., with Steve Pappas representing the seller and Tess Cullen representing the purchaser. This sale reflects continued investor demand for well-located and extensively upgraded multifamily assets within the Hartford region.

Constructed in 1951 and substantially renovated over the past several years, Webb Manor Apartments consists of an attractive unit mix of 6 studios, 16 one-bedrooms, 20 two-bedrooms, and 1 three-bedroom apartment. The numerous recent capital improvements include a new elevator, a fully repaved parking lot, in addition to the comprehensive in-unit renovations totaling nearly $1.5 million.

These improvements include upgraded kitchens with stainless steel appliances and granite countertops, fully tiled bathrooms, and modern lighting, positioning Webb Manor as a turnkey asset with close proximity to institutions such as Hartford Hospital, Trinity College, and Connecticut Children’s Medical Center said Steve Pappas..

The property offers ample on-site parking, on-site laundry, and covered parking, distinguishing it within the local submarket. In addition to major employers close by, the property has quick access to Downtown Hartford and major interstates (I-84 & I-91).

“This transaction reflects our continued ability to connect high-performing assets with qualified investors across Connecticut,” said Tess Cullen, who procured the buyer. “The interest and closing price speak to the strength of both the asset and our targeted marketing approach.”

Chozick Realty Inc. has closed billions of dollars in multifamily transactions since its founding in 1967. Known for its client-first approach and deep market knowledge, the firm continues to be a dominant force in multifamily brokerage throughout the Northeast.

For more information about Chozick Realty Inc. and upcoming investment opportunities, please visit www.chozickrealty.com or contact their Hartford office at (860) 247-7400.