N.Y. developers add three Broadway buildings to their Norwich investments

New York-based real estate developers Ernest and Alfred Tollja learned about Norwich in 2018 from a persistent Norwich comedian who drove to their comedy theater nearly every night and pressured them to buy a building in his hometown. Six years later, the two brothers, originally from Albania, own more than a dozen apartment buildings in Norwich, with a total of 117 apartments. On Thursday, they completed the purchase of three prominent lower Broadway buildings that are part of a larger revitalization plan that includes a park and event space and street improvements, along with building renovations. The Tolljas, under the ownership name, TT Investments LLC, purchased the vacant and decaying Fairhaven building at 26-28 Broadway and the vacant buildings at 51-53 Broadway and 59-61 Broadway ― the building with the colorful Metamorphosis mural facing City Hall ― for a combined price of $810,000. They obtained a $950,000 mortgage from GCCG Lending LLC.

https://www.theday.com/local-news/20240116/ny-developers-add-three-broadway-buildings-to-their-norwich-investments/#

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