September 14, 2018
Real Estate Roundup

West Haven apartment complex fetches $3.58M

Photo | Contributed
Photo | Contributed
125 Coleman St., West Haven
Photo | Contributed
280 Blake St., New Haven

A fully-leased, 30-unit apartment complex in West Haven sold recently for $3.58 million, according to city land records and brokers.

Daniel J. Maffeo Jr. purchased the two-building complex on 1.84 acres at 125 Coleman St. on behalf of the Daniel Maffeo Living Trust Agreement and First Utility Enterprises Ltd.

Colonial Properties Inc. represented the seller, Green Olive Management Properties LLC of Orange. Benjamin Hale of Hale Real Estate in Glastonbury represented the buyer.

Colonial Properties President Michael Richetelli said there was significant interest in the property and the high per-unit sale price "demonstrates the high demand for stabilized multi-family properties in the Greater New Haven market."

Food truck signs lease for Elm City restaurant

Popular Elm City food truck Lunch Box 23, known for its gourmet sliders, is opening a restaurant and catering business.

Lunch Box 23 LLC signed a multi-year lease for 4,806 square feet of retail space at 280 Blake St. in New Haven, owned by Genmike Realty LLC, according to Pearce Real Estate. The building formerly housed a dry cleaning business, One Stop Cleaners.

Owners of the food truck hope to open the restaurant within the next three to six months, said Carl Russell, commercial broker for Pearce Real Estate in Milford, who represented all parties in the transaction.

The farm-to-table business uses local ingredients and features menu items such as the Maple Bacon Cheeseburger, Salmon Burger, Crabby Patty and Barbecue Pulled Pork Slider.

Reach Natalie Missakian at news@newhavenbiz.com

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