Real Living Wareck D’Ostilio Real Estate is pleased to announce its recent sale of 129 Church St., New Haven, CT. Frank D’Ostilio and Vincent Torrens of Wareck D’Ostilio represented the buyer, a New York City based investment group. The sale was a co-broke with Betsy Brochin and John Tischio of Berkshire Hathaway Real Estate Services.
The 89,625 square foot 8 story landmark building overlooking the New Haven Green was built in 1912. It was once the home of the Second New Haven National Bank, founded in 1855. The building was the bank’s fourth home and was designed by Starrett & Van Vleck of New York.
According to documents on file at the New Haven City Clerk’s office, the building closed on December 30, 2014 for $6.9 million. The building was sold by JMJ Real Estate Services. JMJ purchased the building in 1993 for $450,000 from the former Society for Savings.
Major tenants of the building include: NBC Studio, Square 9, Attorneys Levy, Leff & DeFrank, Liberty Community Services and Chick-Lets Organic Grille .90- 95% of the Building is occupied at time of the closing.
The new owners plan to upgrade the building with a fitness center and possible roof top deck to take advantage of the views of the New Haven Green on the west side and Long Island Sound on the east side.
The New Haven office of Wareck D’Ostilio Real Estate is located at 47 High Street in New Haven, across from the Yale Art Gallery. Real Living Wareck D’Ostilio Real Estate is part of The Real Living Network of Home Services of America, a Berkshire Hathaway Affiliate.