June 30, 2010
Chozick Realty Inc. has completed the sale of the Brookside Apartments for $6.2 million ($79,487 per unit). CT Bristol Limited was the seller. The purchaser is Bristol Brookside LLC.
Brookside Apartments is a 78-unit apartment complex originally constructed in 1961 and completely renovated and updated in 2003. The property offers an outstanding unit mix of 12 one-bedroom, 41 two-bedroom, and 25 three-bedroom apartments with units ranging from 750 s/f to 1,350 s/f. At the time of the 2003 renovation, the property was improved with completely remodeled apartments and common areas, new mechanical systems and site landscaping.
Situated on six acres, the property is well located to downtown Bristol, Rte. 72 and I-84. With the generous size of the apartments, the freshly remodeled condition and the excellent location, Brookside Apartments maintains an occupancy at or close to 100% on a consistent basis.
The sale price of $79,487 per unit is a record setting apartment complex price in Bristol.