Hersam Acorn Sells Commercial Building on Vitti Street for $1,150,000

A 1970-built commercial building on Vitti Street has sold for $1,150,000, according to a property transfer recorded Wednesday in the Town Clerk’s office.

This commercial building at 42 Vitti St. includes 6,000 square feet and sits on .35 acres. It sold in January 2018 for $1,150,000. Credit: Michael Dinan

Hersam Acorn Realty LLC sold the single-story, 6,000-square-foot structure to 587 CT AVE LLC, a company whose managing principal is Jason Milligan of New Canaan, according to Connecticut Secretary of the State records.

Asked about the future of 42 Vitti St., Milligan said the plan is to keep its current tenants in place while its new owners explore options for future. A physical therapy provider and newspaper currently occupy the concrete-on-slab building.

Located in the Business B zone, the lot totals .35 acres, tax records show.

Hersam Acorn had purchased the property in 2003 for $1,644,750 and the building three years later underwent $45,000 in interior renovations, according to building records.

The following property transfers also were recorded last week in the Town Clerk’s office. For more information about each property from the assessor, click on the street address.

To get the history of a New Canaan street name, click here.

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Jan. 24

26 Father Peters Lane

  • $4 million
  • Mitchell Vasquez by Douglas Bayer to Arthur Cohen

Jan. 22

16 High View Terrace

  • $1,350,000
  • Robert Ingraham to Michael Tucker

76 Saint George Lane

  • $1,125,000
  • Reda Radwan Riley to Muhammad Amir Khan

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