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1030 Federal Rd 19 Unit Apartment Building $8,750,000 ($460,526/Unit) 6.50% Cap Rate Brookfield, CT 06804
Investment Highlights
- 17 - One Bedrooms, 2 - Two bedrooms
- Fully Leased
- 15 New Units to Be Built
Executive Summary
Tower Realty Corp. is pleased to present The Newbury Apartments at 1030 Federal Road in Brookfield, Connecticut. The property consists of two buildings totaling approximately 15,804 square feet and 20 residential units, all of which were completely renovated in 2024. The unit mix includes 17 one-bedroom and 3 two-bedroom apartments, featuring spacious layouts with new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting throughout. The parking lot was recently paved and striped, and the property offers ample on-site parking for residents. A major value-add component of the offering is the approved development of 15 additional one-bedroom apartments, along with plans for a pool, pool house, and fitness area. The expansion provides a significant opportunity to increase rental income and overall property value, positioning the asset as a strong long-term investment. Ideally located along Federal Road (Route 7), the property sits near the Four Corners area of
Brookfield and the New Milford line, surrounded by a wide range of retail, restaurants, and daily amenities, including the recently developed food emporium and retail corridor. This prime location provides convenient access to major shopping destinations and regional roadways.
Brookfield and the New Milford line, surrounded by a wide range of retail, restaurants, and daily amenities, including the recently developed food emporium and retail corridor. This prime location provides convenient access to major shopping destinations and regional roadways.
Property Facts
| Price | $8,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $460,526 | Building Class | B |
| Sale Type | Investment | Lot Size | 4.47 AC |
| Cap Rate | 6.50% | Building Size | 15,804 SF |
| No. Units | 19 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1994/2024 |
| Property Subtype | Apartment | ||
| Zoning | IL80N | ||
| Price | $8,750,000 |
| Price Per Unit | $460,526 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 4.47 AC |
| Building Size | 15,804 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1994/2024 |
| Zoning | IL80N |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 17 | - | - |
| 2+2 | 2 | - | - |
1 1
Property Taxes
| Parcel Number | BROO-000004C-000000-000010 | Improvements Assessment | $949,100 |
| Land Assessment | $645,040 | Total Assessment | $1,594,140 |
Property Taxes
Parcel Number
BROO-000004C-000000-000010
Land Assessment
$645,040
Improvements Assessment
$949,100
Total Assessment
$1,594,140
(203) 482-5792
x101
Contacts
-
Thomas Consalvo -
Michael Dimyan -
Mick Consalvo -
Joe Dimyan -
Tower Realty Corporation
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