Connecticut Investors Buy Stamford Apartment Building
Hartford News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Connecticut investors, led by MAGD Realty, acquire a six-unit apartment building in Stamford for $1.43 million. The property, built in 1976, will undergo renovations to provide affordable housing for young professionals. The buyers, including local businesspeople from Fairfield and Stamford, already manage hundreds of apartments across the state. The sellers, the Katsetos family from New York, owned the building since 1995. The sale aligns with Stamfords housing demand, and renovations may increase local rentals.
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