December 21, 2021 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a 5-unit Multi-Family building in Danbury, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $671,250.
31 Lake Avenue in Danbury, Connecticut is a three-story building that contains four (4) residential units consisting of two (2) 1-Bedroom/1-Bathroom units and two (2) 3-Bedroom/1-Bathroom units in 3,255 square feet of living area (5,090 square feet of gross area) on a 0.25-acre parcel with ample off-street parking. The Property has a new driveway, and all four of the units have been upgraded within the last two years. 31 Lake Avenue is well-located in a densely populated residential area 1-mile from the center of downtown Danbury. The Property is located in an older neighborhood with mature trees and landscaping on larger lots with ample green space. The Property is 1.3-miles from Western Connecticut State University and 1.8-miles from Western Connecticut State University’s Westside Campus and the Danbury Hospital. The Property is 1.3-miles from the Danbury Train Station (Danbury Branch of the Metro North Railroad) with service to Norwalk, and continuing on to New Haven or New York’s Grand Central Station. The Property is also located on the Danbury City Bus Line (HART) with service throughout Danbury and the surrounding towns. Additionally, Interstate 84 and US Route 7 are easily accessible and provide access to all areas of the state. Lake Avenue runs through the center of Danbury connecting downtown Danbury with Interstate 84 and CT Route 7, as well as the Danbury Mall, the area’s primary commercial district, approximately 1.2-miles west of the Property. The area offers a multitude of retail amenities including numerous big box retailers, service centers, restaurants, bars and boutique shops.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.