Three apartment buildings on Hartford's Asylum Avenue have new owners after a $15.1 million sale that closed earlier this month, adding 180 units to a growing tally of Connecticut properties drawing out-of-state investment. The buyer is a group of Brooklyn, New York-based investors, and the deal covers properties at 862, 950 and 1021 Asylum Ave., all clustered in the city's Asylum Hill neighborhood.
According to the Hartford Business Journal, the acquiring limited liability company is headed by Meshilim Sinay and Joel Sinay. The LLC took out an $11.32 million mortgage from CBRE Capital Markets Inc., a Texas-based lender, to help finance the purchase, which closed on Sept. 9.
Three Brick Buildings Spanning Five Decades
The portfolio includes a mix of building sizes and ages, all sharing the same red-brick, three-story construction style common to the Asylum Hill stretch of the city. The property at 950 Asylum Ave. is the middle-sized of the trio, a 70-unit building dating to 1965, per the same outlet's reporting. Down the street, 862 Asylum Ave. holds 28 units and was built in 1966, while 1021 Asylum Ave. is the largest of the three, an 82-unit building constructed in 1970.
The seller was a Bronxville, New York-based LLC headed by Sandra DeFeo-Borducci, the report notes. Jordan Pinto of Chozick Realty Inc. represented the seller in the transaction and also procured the buyer, putting him on both sides of the deal.
Part of a Broader Pattern of Hartford Multifamily Sales
The Asylum Hill sale follows a smaller but notable Hartford apartment transaction from last year, when a 33-unit complex at 530 Wethersfield Avenue in the city's South End sold for $3,135,000, according to chozickrealty.com. That South End property was described as a condominium-converted apartment complex. In connection with that April 2025 sale, the listing agent said the deal reflected continued investor demand for well-located, fully renovated multifamily assets in the Hartford market.
Whether that same appetite drove the much larger Asylum Hill deal isn't addressed in available reporting, but the size of the mortgage and the scale of the portfolio suggest the buyers are betting on Hartford's apartment stock as a place to put significant capital. With 180 units now under Brooklyn ownership, the sale marks one of the more substantial multifamily transactions in the neighborhood in recent memory.
