BLACK RIVER — Washington Street Properties recently purchased Colonial Manor Apartments for $4.31 million from CM Apartments LLC, Lakewood, N.J.
The 71-unit apartment complex, at 22428-22522 Colonial Manor Road, is on Route 3 and sits on 12.5 acres along the Black River.
The property is assessed at $2.95 million. It sold to CM Apartments for $3.11 million in 2016.
Washington Street Properties is owned by local developer Brian H. Murray, who recently purchased the apartments at the Madison Barracks, Sackets Harbor.
He’s also part owner of the Lincoln Building. His portfolio also includes the Top of the Square Plaza, the Solar Building, the Commerce Building and several other apartment buildings in Watertown.