An affiliate of New York-based BrickPoint Capital has acquired the 136-unit Lafayette Arms multifamily property at 194 Washington St. in Hartford from Lafayette Arms Apartments LLC of Montgomery, New York.
CBRE/New England’s John Kelly and Sam Dylag arranged $5.5 million in financing for the $6.9-million acquisition on behalf of the buyer.
“We were able to use the power of the CBRE platform to secure 80-percent non-recourse acquisition financing at a great rate for a 10-year term through a Connecticut-based bank,” Kelly said in a statement.
Built in 1968, the property is located one block from Hartford Hospital and is situated on a Connecticut Transit System bus line.





