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Two affiliates of New Jersey multifamily investor Cue Residential have picked up a portfolio of adjacent apartment buildings in New Haven’s Westville neighborhood for $28.65 million.

The seller was an affiliate of New York City investor Beachwold Residential, according to a warranty deed filed with the New Haven city clerk’s office.

Walker & Dunlop provided a $2.64 million open-ended, eight-year mortgage to help finance the deal. Cue Residential is also assuming an $18.85 million Freddie Mac mortgage on the property originated by Wells Fargo in 2022 and now held by U.S. Bank, filings show.

The bulk of the portfolio was made up of two 6-story buildings at 200 Fountain St. and 226 Fountain St. were built in 1963 and together contain 158 units. Amenities include a clubhouse between the buildings, with a fitness center.

Also included: A pair of low-slung, 1960-vintage apartments and an attached Greek Revival house totaling 24 apartments.

City property records say Beachwold bought the assetsfor $15.3 million in 2004. The properties were last appraised in 2022 for $19.14 million, city property records say.

Beachwold’s president, Gideon Friedman, told the New Haven Independent the company sold because it had only planned to hold the buildings for 20 years. The company has been an active presence in the city’s multifamily investment scene, recently dropping millions on newer buildings in the city.