Press Release

March 27, 2025

West Hartford, CT – March 27, 2025 – Chozick Realty Inc. is pleased to announce the successful marketing and sale of 415 Prospect Avenue, a premier multifamily investment property in West Hartford, Connecticut. Rick Chozick, of Chozick Realty Inc., exclusively represented the seller and procured the buyer during a highly competitive 30-day marketing campaign.

West Hartford is a sought-after residential destination known for its vibrant restaurant scene, diverse retail options, and lively nightlife. The town’s exceptional quality of life makes it particularly attractive to young professionals, driving strong demand for well-located rental properties.

The purchaser closed on the property at the full offering price of $6,315,000 ($166,184/unit)   With an ideal unit mix of 16 one bedroom and 22 two bedroom apartments combined with 20 private garages along with additional surface parking, the property is poised for significant upside growth in rents with the new owner’s planned interior improvements according to Rick Chozick.  This is the classic Add Value opportunity investors seek, with HVAC systems and building grounds and envelop having been completed in recent years, leaving only cosmetic unit upgrades and therefore a significant increase in NOI post renovation, added Chozick.

The interest in the property using Chozick Realty’s  regional marketing platform, resulting in a  seamless transaction process with a successful outcome for both the seller and the buyer

For more information about Chozick Realty Inc. and upcoming investment opportunities, please visit Chozickrealty.com or contact Rick Chozick at 860-247-7400.