Search
 

Rental Apartment Complex in Manchester, CT Sells for $5.15M

MANCHESTER, CT-The Ivy Manor Apartments rental housing complex on East Center St. here has been acquired by an area real estate investment partnership for $5.15 million.

By John Jordan | Updated on September 03, 2003

MANCHESTER, CT-A 72-unit residential housing complex at 167 East Center St. here has been sold to an area real estate investment partnership for $5.15 million.

The sale of the Ivy Manor apartment complex closed on Sept. 2, according to officials with Marcus & Millichap Investment Real Estate Services of New Haven. Taymil Ivy Manor LLC, which owns three other rental housing complexes in the Manchester/Hartford area, purchased the property from Ivy Manor Associates LLC, which had owned the complex for more than 20 years.

Steve Witten and Victor Nolletti of Marcus & Millichap were the sole brokers in the transaction.Ivy Manor was originally built in 1965 and is located on 2.78 acres. The complex consists of four detached, two-story, brick walk-up garden-style buildings. Ivy Manor features eight two-bedroom townhomes with one-and-a-half baths, 32 two-bedroom flats with one bath and 32 one-bedroom flats with one bath. Current monthly rental rates for the units are $775 for one-bedroom apartments and $1,000 for two-bedroom townhomes.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2025 ALM Global, LLC. All Rights Reserved.