Mayanot LLC
Proposed designs for a remodeled 25-35 Springside Ave.
Markeshia Ricks photo
Artist Titus Kaphar: Home sold.
A local developer spent over $3.2 million on a 29-unit apartment complex near Southern Connecticut State University that he plans to convert into 41 apartments, in one of the city’s latest property transactions.
According to the city land records database, on June 24, Mayanot LLC, a holding company owned by Adam Haston, purchased the 1960s-era West Rock apartments from 25 Springside NavCapMan LLC, a holding company owned by Justin Goldberg, for $3,223,000 million.
The 29 apartments, which are split between two two-story buildings both constructed in the early 1960s, last sold for $2,134,574 in 2014 and were last appraised by the city as worth $1,570,700.
The sale is the second multi-million-dollar apartment complex deal made so far this year by Goldberg, who runs the Fairfield/Bridgeport-based Navarino Property Group and who recently sold the Brendan Towers apartment complex for over $6 million.
Haston’s company, which is based out of the 129 Church St. office building downtown, has also submitted a site plan application to the City Plan Commission to convert the Springside Avenue apartments into 41 units.
“The existing buildings will be totally renovated inside the apartments,” Haston’s City Plan application reads, “plus the buildings will be enlarged with a new third floor on both buildings. There will be [41] apartments when the project is complete.
“The existing basement apartment will be removed and the existing basement, which is in the flood plain, will be updated to meet the code requirements for basements in floodplains so that, if necessary, the basement can flood and then be drained without damage to the structure.”
The project, per Haston’s application, also includes reconstructing the complex’s driveway, parking lot, and utilities.
“The project overall will enhance the neighborhood with additional access to the waterfront and the renovation of an existing building,” the application reads.
According to the city land records database, Haston already owns a two-family home at 131 Clay St. in Fair Haven, a six-unit apartment building at 133 Clay St. in Fair Haven, a four-family house at 20 Maltby Pl. in Fair Haven, a six-unit apartment building at 390 Poplar St. in Fair Haven, and a six-unit apartment building at 593 Winchester Ave. in Newhallville.
Thomas Breen photo
St. Martin’s Townhouses at 200 Goffe St.
In other recent property sales news, St. Martin’s Preservation II Limited Partnership, a holding company owned by Jeffrey Goldberg of the New York-based Fairstead Affordable LLC, purchased the 63-unit St. Martin’s Townhomes at 200 Goffe St. for $9.7 million on June 28 from St. Martin’s Preservation LP, a holding company owned by Stuart Feldman.
The new owners of St. Martin’s plan to gut rehab all 63 units in the complex, temporarily displacing all current tenants to a hotel in Long Wharf.
Feldman last purchased the complex for $9 million in 2018. The city last appraised the property as worth $5,462,200.
In Beaver Hills, Titus Kaphar, the founder of the Dixwell arts complex NXTHVN, and his wife Julianne sold their single-family home at 389 Norton Pkwy. for $339,900 on June 25 to Joseph and Jennifer Bazeley. They bought the home in 2007 for $314,900.
Markeshia Ricks photo
Artist Titus Kaphar: Home sold.
“My studio was at my home,” Kaphar told the Independent by email when asked why he had sold the Beaver Hills house. “I had outgrown the space. I found an alternative space in New Haven’s West River area. Looking forward to the future.” He did not respond to a follow up question asking whether or not he will both live and work at that new West River space, or if that will be just his studio.
In Wooster Square, Nuvention2 LLC, a holding company owned by Elizabeth Nega, purchased the single-story commercial building at 150 Wooster St. on June 27 for $1 million. The property, which used to house the recently closed Tom & Lucille’s restaurant, last sold for $675,000 in 1986.
And in Westville, Sublime Realty LLC, a holding company owned by Avi Dagan and Abraham Meer, purchased the three-family home at 595 Central Ave. from Geraldine Frankel for $287,500 on July 8. The house last sold for $58,000 in 1977.
Correction: The original version of this article incorrectly reported that the city’s appraisal of the St. Martin’s Townhomes is $546,000. The correct number is $5,462,200.
Previous property sale coverage:
• Family Dollar Sells For 1.8M Dollars
• Pike Sells 2 Buildings To Yale For $3.8M
• Mansion Sells For Only $1.45M
• Landlord Tops 340 Units
• High Street Apts Sell For $25M+
• St. Michael’s School Sold, For Apartments
• Ocean Management Acquires Perrotti Westville Properties
• Paris Realty Picks Up 6 Q Meadows Condos
• Landlord Boosts West River Condo Holdings
• $21 Million Changes Hands In 2 Days
• 50 Factory Jobs Coming To Fair Haven
• Brendan Towers Sold For $6M+
• Investors Drop $917K On West Side Condos
• Mandy’s 2018 Buying Spree Nears $13M
• Mandy Empire Buys Up The Block
• Roots Planted In Newhallville
• Latest Sales: Mandy Buying Spree Continues
• Latest Sales: Mandy Expands In City Point
• Latest Sales: East Rock Home Buy Tops $1M
• Latest Deals: Beulah’s 5th Rehab On Block
• Latest Sales: NHR Sheds Small To Focus Big
• Latest Sales: Mandy Buys In Heights
• Home Sale Price Doubles In 13 Years
The large apartment complexes, such as 25 Springside, have been consistently selling for prices well above their appraised values. This will presumably be reflected in the next revaluation. The good news is that this will add to the grand list. The bad news is that the resulting tax increase for the buildings will show up in higher rents.