Property Jump

Elite Properties LLC has sold the property at 78 – 80 North Main Street, Branford. The buyer is M + L Properties LLC. The listing agent was Michael Gordon of Levey Miller Maretz. The sellers were represented by Kevin Geenty of Geenty Group. The property is a mixed use Commercial and Residential property.The sales price was $599,000.

Steve Miller, principal of Levey Miller Maretz, Commercial Real Estate, is pleased to announce the sale of 3 Research Drive in Woodbridge, Connecticut to New Haven Dental Group LLC. The building consists of a 9,500 square foot professional office building on approximately 1 acre of land. Levey Miller Maretz represented the seller, Harrison Research Drive Realty and Dow Realty Company represented the buyer. Financing was arranged through the Bank of Southern Connecticut and Connecticut Community Investment Corporation. The sellers were represented by Attorney Stuart Margolis and the buyers were represented by Attorney Eugene Torrenti

Fashionista, a vintage clothing store, has moved to new space in New Haven.    The store has relocated into new space at 93 Whitney Ave.    Noah Meyer of Levey Miller Maretz represented the landlord and Ed Schwartz, also of Levey Miller Maretz, represented Fashionista.  The new store plans to open In February.

Ed Schwartz, Realtor, from Levey Miller Maretz LLC, 1768 Litchfield Turnpike, Woodbridge, CT represented Track180 LLC in the leasing of 2,100 square feet of retail space at 900 Chapel Street, New Haven, CT.  The space, the former Obama/Biden Headquarters, is a prime retail venue situated between Church Street and Temple Street.  The company, Track 180 LLC, plans an Internet Broadcast Studio.  The WEB TV production studio can be seen through the sidewalk windows attracting visitors from the entire area. Viewers will witness news reporting and interviews dealing with issues from around the world.  It will become a destination for students, business people and tourists to see this interactive global news network.  The lease is for three years.  The landlord was represented by Kimberly Wagner, MJB Real Estate Services, Milford, CT.

After a lengthy vacancy, the former D’Andrea’s Pharmacy at the corner of Whalley Avenue and Blake Street in the heart of Westville has been leased. Ed Schwartz, Realtor with Levey Miller Maretz, LLC, Commercial Realtors of Woodbridge, CT represented the owners, Pop II, LLC, and the lessees, Gilchrist Moda, LLC. The five year term will present the opportunity for Westville and the Greater New Haven area to experience a clothing designer/manufacturer for men and women (with children’s coming) with a European look, New York fashion and American made product. The designer, Rod Gilchrist, a New Haven native, is bringing his Los Angeles design shop to the East Coast. Along with other designs represented in the shop, Rod will present current fashions for all.

Levey Miller Maretz, LLC was founded in 1963 and specializes in the sale and leasing of retail, office and industrial properties as well as the sale of investment properties and business opportunities.

New space has become available on the market in North Haven.  6 Corporate Dr offers 4000-5700 Square feet of industrial space.  The space includes an overhead door and 18-22 FT ceiling heights.  The asking rent for the space is $5 PSF NNN.  Noah Meyer of Levey Miller Maretz is the listing broker for the property.

There is one market that still seems to be red hot in New Haven these days.  It is the small multifamily houses that are spread out among the Newhallville, Fair Haven, and Hill Neighborhoods.   They are mostly lender owned and as-is types of sales.  Here is an example of a recent property on the market

32 Sheffield Ave, New Haven  - 3 Family  - Listed 7/21/09   for $69,900  

I looked at this property and it was typical of a bank owned property- vacant, needs rehab and a mess.  2 days after this property listed I was told there were 38 offers on this property.  What other type of property gets 38 offers in 2 days in this market???    Why does a property like this get so many offers?  Here is what I think:

1.   It is cheap

2.   It is close to the development that is going on in Science Park and investors are speculating that this neighborhood will change in the future

3.   Investors still have money and know that someday the market will be back and these houses could once again sell for $300,000 like they did in 2005.

Bernie Diana of Levey Miller Maretz, LLC, leases 3,000 SF of warehouse and office space at 34 Panagrossi Circle, East Haven, CT to Michael Kaczynski, Owner/President of OEM Design Services, LLC. Legal counsel for the landlord was Peter C. White, ESQ of Sidera and White, Attorney’s at Law.

Levey Miller Martz, LLC was founded in 1963 and specializes in the sale and leasing of retail, office and industrial properties as well as the sale of investment properties and business opportunities.

Check out the Courant article on New Haven hotels HERE

Hotel developers have delayed, scrapped and revised projects across America as the recession has scared off guests and financiers, but they’re forging ahead in Connecticut’s third biggest city.