Buying multiple downtown Waterbury buildings, New York family sees chance for bargain prices on hidden gems
A Long Island-based family of investors recently paid $300,000 for the former Webster Bank executive offices in the heart of downtown Waterbury — less than half the original asking price for the 111-year-old office building. The sale of the 15,984-square-foot property at 132 Grand St. in July is the second bargain purchase in downtown Waterbury in eight months for the Mariolis family. Two additional downtown Waterbury purchases are imminent for a family that expects to get in on the ground floor of the Brass City’s central business district.
Source: hartfordbusiness.com