Press Release

February 19, 2026

Hartford, CT — Chozick Realty, Inc. is pleased to announce the closing of 16 Groton Street, a 35-unit multifamily apartment community located in Hartford’s South End neighborhood for a sale price of $3,220,000 or $92,000/unit.

Over the past several years, 16 Groton Street was significantly upgraded with full apartment renovations, new boiler, replacement windows and remodeled common area.   With the level of improvement, the property commanded top of the market rents in a turnkey investment.

The Groton Street sale represents a prime example of the trend of full property renovations providing not only a superior experience for the residents, but a substantial NOI improvement, noted Steve Pappas of Chozick Realty, Inc. “

Steve Pappas and Tess Cullen of Chozick Realty exclusively represented the seller in the transaction as well as procuring the buyer.