June 10, 2022
Willington, CT. Tom Boyle and Steve Pappas of Chozick Realty have facilitated the sale of Deer Park Apartments in Willington, CT. The 45-unit garden style, multi-family property located at 87 Ruby Road, closed at a sales price of 5,500,000, (122,222)/unit.
Deer Park Apartment’s two buildings sits on a 23-acre site and has a unit mix of 10 1 BR Apartments and 35 spacious 2 BR Apartments. This apartment complex has an outstanding rental history of being at a close to 100% occupancy on a consistent basis. It is in close proximity to The University of Connecticut’s main campus in Storrs, CT.
The property was sold by Deer Park Management, LLC, a Massachusetts based investor. Chozick Realty, Inc. was the sole broker in the transaction. Tom Boyle of Chozick Realty, Inc. represented the seller and Steve Pappas of Chozick Realty, Inc. represented the buyer.