Episode Details

High-Rise Sale: New Britains Downtown Apartment Building Fetches $30.75M

A newly constructed apartment complex in downtown New Britain, Connecticut, has been sold for $30.75 million. The Highrailer, located at 283 Main Street, features 114 units and was developed by Avner Krohn. The sale, handled by Marcus and Millichaps Institutional Property Advisors, closed in late March. This deal follows another recent sale by Krohn, The Brit, which sold for $31.07 million in November 2024. Both properties were purchased by a partnership between New Jersey-based companies INV three sixty and Reliant Partners. The buyers, led by Shlomo Katz from Lakewood, New Jersey, continue to invest in New Britains downtown real estate market.

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