Investment sales broker Northeast Private Client Group of Shelton has announced multiple closed transactions totaling $29 million over the past two months. Edward Jordan, JD, CCIM, the firm’s managing director, and Bradley Balletto, regional manager, led the their tri-state team in representing sellers and sourcing buyers for these exclusively listed assignments. “The success of these transactions is the direct result of our relationship approach to investment sales,” said Edward Jordan, JD, CCIM. “Leveraging our multi-state platform we were able to source the most qualified buyers and create a highly competitive market for each of these assets.”
Demand and underlying fundamentals for Class B and Class C multifamily assets remains particularly strong. Aggressive values for real estate investing in New York City’s five boroughs and Greater Boston is driving investors into secondary submarkets in Westchester and the Lower Hudson Valley, Connecticut and Western and Central Massachusetts. Properties in these markets are more often priced to add value and create the conditions to maximize returns.