NEWS /Press

ACQUISITION – January 2021 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 34 acres of land adjacent to our recent acquisition of The Grand Luxury Apartments for a development of 50 single-family homes for rent.

SALE – September 2020 – Connecticut Realty Trust, LLC is pleased to announce the sale of 335 Wells St and 147 Charles St, Bridgeport, CT.  This 36-unit property was held for 9 years and was sold for $3.85M representing a 19.9% IRR.

ACQUISITION – May 2020 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of The Grand Luxury Apartments located in Granby, CT consisting of 130 Class-A, new construction residential units for $33.3M.

SALE – July 2019 – Connecticut Realty Trust, LLC is pleased to announce the sale of 1430 Fairfield Ave and 840 Howard Ave, Bridgeport, CT.  This 21-unit property was held for over 6 years and was sold for $1.86M representing a 25.6% IRR.

SALE – July 2019 – Connecticut Realty Trust, LLC is pleased to announce the sale of 2258 Fairfield Ave, Bridgeport, CT.  This 28-unit property was purchased in a package of 5 buildings known as K5, it was held for just under 6 years and was sold for $2.79M representing a 20.3% IRR.

ACQUISITION – June 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 308 Main St, West Haven, CT, an 18-unit distressed property for $905K.

ACQUISITION – June 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 6 additional units at 31 Remington Ave, Bridgeport, CT.

ACQUISITION – June 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 4 additional units at Colonial Gardens, Bridgeport, CT.

ACQUISITION – June 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 1 additional units at 1575 Boston Ave, Bridgeport, CT.

ACQUISITION – May 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 3 additional units at Nob Hill, Bridgeport, CT.

ACQUISITION – April 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 1 additional unit at Nob Hill, Bridgeport, CT.

ACQUISITION – April 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 1 additional unit at Colonial Gardens, Bridgeport, CT.

ACQUISITION – February 2019 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 2 additional units at Colonial Gardens, Bridgeport, CT.

RE-FINANCE – April 2018 – Connecticut Realty Trust, LLC is pleased to announce the refinance of 295 Elm St, West Haven, CT and 273 Colorado Ave, Bridgeport, CT for $3.43M representing a return of over 100% of original cash equity.

RE-FINANCE – December 2017 – Connecticut Realty Trust, LLC is pleased to announce the financing of 22 units at Terrace Heights Condominium for $900K.  Proceeds to be used to purchase additional units at Terrace Heights.

ACQUISITION – September-December 2017 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 22 out of 89 units at Colonial Gardens, Bridgeport, CT.

ACQUISITION – August 2017 – Connecticut Realty Trust, LLC is pleased to announce the acquisition of 22 out of 78 units at Terrace Heights Condominium, West Haven, CT.

RE-FINANCE – February 2017 – Connecticut Realty Trust, LLC is pleased to announce the refinance of 335 Wells St, Bridgeport, CT for $1.8M representing a return of nearly 90% of original cash equity.

RE-FINANCE – August 2016 – Connecticut Realty Trust, LLC is pleased to announce the re-finance of the K5 Bridgeport, LLC Package (5 buildings consisting of 150 units purchased in December 2013 for $6.4M) for $8M representing a return of 110% of original cash equity.

ACQUISITION – July 2016 – Connecticut Realty Trust, LLC is pleased to announce the purchase of a new building located at 295 Elm St, West Haven, CT totaling 40 units for $2.1M.

SALE – June 2016 – Connecticut Realty Trust, LLC is pleased to announce the sale of Bridgeport Gardens (205, 223 & 265 Washington Ave and 40 Sanford Place) for $9.418M representing a gross IRR of  32.06%.

ACQUISITION – March 2016 – Connecticut Realty Trust, LLC is pleased to announce the purchase of 273 Colorado Ave, Bridgeport, CT for $890K.

SALE – January 2016 – Connecticut Realty Trust, LLC is pleased to announce the sale of 1849 Post Rd, Westport, CT for $3.960M.

ACQUISITION – October 2015 – Connecticut Realty Trust, LLC is pleased to announce the purchase of two buildings; 120 Morgan Ave and 1589 Fairfield Ave, Bridgeport, CT, totaling 43 units for a combined acquisition of $1.735M.

RE-FINANCE – April 2015 – Connecticut Realty Trust, LLC is pleased to announce the re-fin ance of Bridgeport Gardens and Howard & Fairfield Ave, Bridgeport, CT with a new $6.5M loan which will replace 90%+ of our equity in the deal.

SALE – December 2014 – Sale of 20 buildings in Waterbury CT.

RE-FINANCE – April 2014 – Connecticut Realty Trust, LLC is pleased to announce the refinance of 760 Atlantic St, Bridgeport, CT with $2.95M loan taking out nearly 90% of our original cash in the asset.

ACQUISITION – April 2014 – Connecticut Realty Trust, LLC is pleased to announce the purchase of a 42 unit elevator-ed multi-family at 517 W. 161st st, NY, NY for $3.25M.

ACQUISITION – December 2013 – Connecticut Realty Trust, LLC is pleased to announce the purchase of a 150 unit distressed foreclosure package across 5 buildings in Bridgeport, CT for $6.4M.

ACQUISITION – July 2013 – Connecticut Realty Trust, LLC is pleased to announce the purchase of 21 unit building on the corner of Fairfield Ave and Howard Ave, Bridgeport, CT for $910K.

RE-FINANCE – August 2012 – Connecticut Realty Trust, LLC is pleased to announce the re-finance of 335 Wells St, Bridgeport, CT with a $1.25M loan which replaced 75% of the original equity in the deal.

ACQUISITION – August 2012 – Connecticut Realty Trust, LLC is pleased to announce the purchase of 4 contiguous distressed buildings with 164 units known as Bridgeport Gardens for $5.15M.

ACQUISITION – March 2011 – Connecticut Realty Trust, LLC is pleased to announce the purchase of 48 out of 60 units of fractured condo at 760 Atlantic St, Bridgeport, CT. The total acquisition cost was $2.18M. Our goal is to purchase the remaining 12 units in the building, dissolve the condo and renovate the building.

ACQUISITION – August 2011 – Connecticut Realty Trust, LLC is pleased to announce the purchase of 36 unit building at 335 Wells St, Bridgeport, CT out of foreclosure. The total acquisition cost was $1.25M. The property is distressed physically and

“Fairfield Citizen, July 14, 2010 – “Downtown Area Is Expanding“ One of e Fairfield’s “ugliest” buildings has undergone a makeover. The property at 1140 Post Road — across from Patriot Plaza, near the intersection with Beach Road — was once dominated by a mansard-style roof that was typical of the 1960s. Read the entire article here

The New York Sun, Oct. 18, 2007 – Rules of Rental Building Buying Game Have Changed, by Michael Stoler (“it is like a tale of two cities,” the principal of the Kligerman Group, Robert Kligerman, said, “It is not a good time to buy or a good time to sell; nevertheless, things are coming back to equilibrium.  If we don’t have a full financial contraction, I believe we will digest this credit crunch.”)

Westchester County Business Journal, May 24, 2004 – Webster Bank opens first two branches in county, by Alex Philippidis (The new 4,000 – square-foot branch occupies what had been a six-store retail building owned by Robert M. Kligerman and his The Kligerman Group of Westport, CT)

Impact, May/June 2003 – Scarsdale Development Approved by Village Officials, A Long Process, (The site plan approvals come after more than two decades of proposals submitted by various developers.  Robert M. Kligerman of The Kligerman Group, a New York City property owner, has been working with local planning groups since the company acquired the property in late 2000.  “We focused on the needs of our residential and commercial neighbors, and we adjusted the scale of the seems that this important Scarsdale gateway location will finally be built and we are very proud to be part of it.”  Kligerman appointed Goldschmidt & Associates of Scarsdale to handle the leasing for the Depot Square project.

Real Estate Weekly, October 2, 2002 – Scarsdale to have first retail project in more than 25 years, (The developer for the project will be Robert M. Kligerman, best known for his apartment building ownership in the New York Metropolitan area.  Kligerman stated that, “the new project may be modest in size, but as the possibility of being grand in stature as a gateway to the village.”)

The Wall Street Journal, Monday, January 28, 2002 – Real Estate Offers Steadier Returns Than Stock, (The developer for the project will be Robert M. Kligerman, of Scarsdale, N.Y., started buying small apartment buildings in East Harlem 20 years ago, while working as a commercial real-estate broker.  He slowly worked up to buying 50-unit apartment buildings, at one point owning 150 properties in the Bronx.  Mr. Kligerman looks for neighborhoods that have nearby shopping and strong public transportation.  On the surface, he says, “a Bronx investment appears to be a risky proposition, but when you scratch the surface, it quickly becomes evident that there is really strong stability in those neighborhoods.”)

The Scarsdale Enquirer:

The New York Times, February, 1, 1998 – Perspectives; In Northern Manhattan, Building Prices Strengthen, by Alan S. Oser, (Another recent buyer has been Prime Realty, a Manhattan-based partnership of Robert M. Kligerman and Richard H. Aidekman, which has purchased for $6.4 million, or about five times the rent roll, by Richard Parkoff, a major owner-operator, parties in the transaction reported.  The building has 161 apartments and 15 stores.  Mr. Kligerman said that buildings with street-level stores have grown particularly valuable on St. Nicholaas Avenue near 176th Street.  He referred to the stretch from 174th Street to 181st Street as the “Dominican Madison Avenue.”  “We are not trading property,” he said, “We are hear to stay.”)

NY NJ CT Real Estate, Spring 1986 – A Haven for Artists, a Frontier for Investors (The MTC conversion has become a beacon for other real estate investors.  Robert Kligerman, 33, a former senior vice president of Cross & Brown, a Manhattan real estate firm, and his wife Dana, formed Knickerbocker Partners and began rehabilitating houses in East Harlem in the summer of 1985.  They how own six buildings and two vacant lots.  Most of their properties are brick buildings with a store on the ground floor and four stories above.  Ideally, says Robert Kligerman, they requires only “a little structural work and a lot of brass lighting fixtures in the halls, and replacing a door or stove.  Knickerbocker’s latest acquisition which was in good condition, cost $250,000 to buy and fix up.  Above the ground floor retail space are four, two-bedroom floor through apartments.  Each is 1,200 square feet and has large rooms, high ceilings, marble fireplaces and hardwood floors.  Rent is $1,200 a month.