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Group Sells Bay Shore Apts. for $2,875,000

Investor Buys 40 Units in East Haven
By Tajuana Richardson
January 30, 2006 | 12:42 P.M.

Sara Associates LLC sold Bay Shore Apartments at 162-164 Coe Ave. in East Haven, CT to CLS-Norwalk LLC for $2.88 million, or nearly $72,000 per unit. The cap rate for the sale was 5.21%.

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