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                 Recent Transactions

New Haven Group sells 45,000 s/f class A office in East Haven

East Haven, CT - (December 2010) - Steven Inglese represented Marcy Realty, a New York City based private investment firm in the sale of 100 South Shore Drive in East Haven for $3,400,000.   The 45,000 s/f class A office building had 6600 sf vacant at the time of sale.  Built in 1987, the building was leased to three tenants and traded for a 10.75% cap rate.  The buyer assumed a conduit mortgage along with the deal. 

Mr. Inglese previously sold this building to Marcy Realty in 2006 when he represented Oddysey Funding, a Long Island based investor.