February 12, 2008
Laurel Ridge Apartments Fetch $4.9M
By Matthew L. Brown
The 58-unit Laurel Ridge apartment complex at 55 Worcester St. in Southbridge has sold for $4.9 million.
The building was sold by New York-based Laurel Ridge LLC to Southbridge-area brothers Bill and Jim Gajewski, according to Chozick Realty , the Hartford, Conn.-based broker of the deal.
According to Chozick broker Jon Concilio, the building is one of the newer apartment buildings in the Southbridge area and features a number of amenities including a pool, a gym and an entertainment room, that make it attractive to tenants.
The $4.9 million sale price is a record for multi-family apartment buildings in the south-central part of the state, Concilio said.
The building was sold by New York-based Laurel Ridge LLC to Southbridge-area brothers Bill and Jim Gajewski, according to Chozick Realty , the Hartford, Conn.-based broker of the deal.
According to Chozick broker Jon Concilio, the building is one of the newer apartment buildings in the Southbridge area and features a number of amenities including a pool, a gym and an entertainment room, that make it attractive to tenants.
The $4.9 million sale price is a record for multi-family apartment buildings in the south-central part of the state, Concilio said.
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