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New York Life Buys Wallingford's Noble Apartments For $27.5M

The owners of the 93-unit Noble Apartment at 4301 Stone Way N. in Wallingford had absolutely no plans to sell the complex. But when an unsolicited offer from New York Life Co. came through, they listened, eventually closing on a $27.5M sale of the recently-completed property last week.

The apartments are approximately 73% leased and include almost 6,000 square feet of street-level commercial space that is available.
· New York Life pays $27.5M for new Wallingford apartment building [PSBJ]