An affiliate of Bridgeport-based Navarino Capital Management has acquired a four-building apartment portfolio in New Haven and West Haven for $14.2 million.

The portfolio consists of Diamond Ridge Apartments, a 92-unit property at 115-277 Diamond St. in New Haven; Crestview Apartments, a 63-unit property at 62 Treat St. in West Haven; Boulevard Apartments, a 24-unit property at 1495 Ella T. Grasso Boulevard in New Haven; and Tamarack Apartments, a 24-unit property at 169 West Spring St. in West Haven.

The properties traded at a price that equates to nearly $70,000 per unit, representing a capitalization rate of 7 percent on current net operating income.

The seller, Harvest Apartments, is a national multifamily investor based in Wethersfield.

Northeast Private Client Group’s David Almeida and Bradley Balletto represented the seller and the buyer in the April 23 transaction. Goldman, Gruder & Woods LLC was the buyer’s legal representative.

“High occupancy and growing rents in New Haven are driving strong demand for multifamily properties,” Almeida said in a statement. “These assets performed well over the years for the seller and will continue to do so for the new owner.”

Founded in 2010 by Edward Jordan, Northeast Private Client Group has offices in Bridgeport, White Plains, N.Y. and Framingham, Mass. The firm specializes in representing owners, buyers and sellers of income-producing properties from New York to Boston.