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104 Broad Street 104-112 Broad St 11 Unit Apartment Building $1,150,000 ($104,545/Unit) 5.78% Cap Rate New Britain, CT 06053
Investment Highlights
- ACCESS & CONNECTIVITY
- DESIRABLE BRICK CONSTRUCTION
- STRONG RENTAL DEMOGRAPHICS & DEMAND
- AREA AMENITIES & DEMAND DRIVERS
- SEPARATELY METERED UTILITIES
- QUALITY OF LIFE AMENITIES
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 104 Broad Street in New Britain, CT (the “Property”). The three-story building contains eight (8) 1-Bedroom/1-Bathroom units and three (3) Commercial units with 10,503 square feet of gross living area in 15,094 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features on-street parking.
104 Broad Street is centrally located in downtown New Britain, offering immediate access to the city’s urban core, neighborhood retail corridors, and surrounding residential communities. The property benefits from strong regional connectivity via nearby Route 9, Route 72, and Interstate 84, providing convenient access throughout central Connecticut and to major employment centers including Hartford and Waterbury.
104 Broad Street is centrally located in downtown New Britain, offering immediate access to the city’s urban core, neighborhood retail corridors, and surrounding residential communities. The property benefits from strong regional connectivity via nearby Route 9, Route 72, and Interstate 84, providing convenient access throughout central Connecticut and to major employment centers including Hartford and Waterbury.
Property Facts
| Price | $1,150,000 | Building Class | C |
| Price Per Unit | $104,545 | Lot Size | 0.13 AC |
| Sale Type | Investment | Building Size | 15,094 SF |
| Cap Rate | 5.78% | No. Stories | 3 |
| No. Units | 11 | Year Built | 1926 |
| Property Type | Multifamily | Cross Streets | Grove Street |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | B3 | ||
| Price | $1,150,000 |
| Price Per Unit | $104,545 |
| Sale Type | Investment |
| Cap Rate | 5.78% |
| No. Units | 11 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 15,094 SF |
| No. Stories | 3 |
| Year Built | 1926 |
| Cross Streets | Grove Street |
| Opportunity Zone |
Yes |
| Zoning | B3 |
1 1
Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | NBRI-000007B-000000-C000072 | Improvements Assessment | $481,670 |
| Land Assessment | $35,490 | Total Assessment | $517,160 |
Property Taxes
Parcel Number
NBRI-000007B-000000-C000072
Land Assessment
$35,490
Improvements Assessment
$481,670
Total Assessment
$517,160
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104 Broad Street | 104-112 Broad St
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