December 9, 2021 – Tim Hines of Horvath & Tremblay has arranged the sale of the Greenview Apartments, a nineteen (19) unit multi-family property in New Britain, Connecticut. Hines exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,585,000.
The multi-family property is located at 123-131 Green Street in New Britain, Connecticut. The Greenview Apartments are comprised of two, three-story brick buildings and contain nineteen (19) total units. The unit matrix consists of sixteen (16), 1-Bedroom/1-Bathroom units, two (2) 2-Bedroom/1-Bathroom units, and one (1), Studio unit in 12,600 square feet of living area (14,528 square feet of gross area), on a 0.46-acre parcel. The Property has been well maintained and has attractive landscaping, green space, off street parking for twenty-four (24) vehicles, an on-site laundry facility and individual private storage units in the basements. The Greenview Apartments are well-located on the edge of a quiet residential neighborhood in southeastern New Britain with convenient access to area highways, public transportation, and an abundance of retail amenities along the Berlin Turnpike. The Property is also located 2-miles from the New Britain Train Station (CTFastrak), 3-miles from Central Connecticut State University, and 12 miles from Downtown Hartford.
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.