This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
38-50 Main St
New Britain, CT 06051
44 Unit Multifamily - 7.5% Cap · Multifamily Property For Sale
·
44 Units
INVESTMENT HIGHLIGHTS
- In-demand studio & 1-bedroom apartments
- Opportunity Zone (QOZ) location
- Value-add opportunity though improvements & rental increases to market
- Rare off-street parking amenity - 16 spaces
PROPERTY FACTS
| No. Units | 44 | Building Size | 29,868 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built/Renovated | 1905/1996 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 0.29 AC | Cross Streets | Glen Street |
| Zoning | CBD - Central Business District | ||
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 29,868 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built/Renovated | 1905/1996 |
| Parking Ratio | 0.54/1,000 SF |
| Cross Streets | Glen Street |
| Zoning | CBD - Central Business District |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Range
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Security System
- Elevator
- Public Transportation
ABOUT 38-50 MAIN ST , NEW BRITAIN, CT 06051
Amodio & Co is pleased to present this 44-unit multifamily asset located at 38-50 Main Street, New Britain, Connecticut. The stately property is located in the Downtown Main Street CBD, across from bustling C-Town grocery store. This 4 story brick property houses 5 existing retail tenants on ground level and 39 residential units above. Significant value-add opportunity through improvements and rental rate increases to market. Heat and hot water is provided by central fired gas boiler & water heater, paid by owner. Tenants have separately metered electric. Desirable, easy to lease unit mix of studio and 1-bedroom apartments. Off-street parking lot for 16 cars. Two blocks from bus-rapid transit system, CT Fastrak, with direct linkage to Downtown Hartford and Central CT State University.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 24 | - | 260 |
| 1+1 | 15 | - | 531 |
PROPERTY TAXES
| Parcel Number | NBRI-000008B-000000-C000101 | Improvements Assessment | $1,590,330 |
| Land Assessment | $89,880 | Total Assessment | $1,680,210 |
PROPERTY TAXES
