Stamford-based commercial real estate firm RHYS has concluded a portfolio sale of a downtown New Canaan mixed-use building and two residential properties in an area slated for future development and revitalization.
Ivanhoe Collective LLC, a new business featuring classic and exotic cars, bought 19 Vitti St., a 4,700-square-foot mixed-use office building for $2.58 million, where it plans to open The Cultivated Collector showroom featuring collectible classic and specialty autos of investment-grade quality. The second level will be a “clubhouse” for auto enthusiasts.
The building was previously occupied by Young Life, a worldwide Christian missionary organization and charity that is moving to Stamford.
The buyer of two residential properties adjacent to 19 Vitti St. is the HB Nitkin Group, a privately owned real estate investment company based in Greenwich. It purchased 60 and 64 East Ave. for $1.475 million or $737,500 each. 60 East Ave. is a single-family 1,400-square-foot rental home built in 1900Â that is vacant. 64 East Ave. is a two-family, 2,020-square-foot rental house built in 1876.
RHYS Senior Vice President Ted Grogan, Executive Vice President Christian Bangert and Vice President Greg Romano represented the buyers.
