January 28, 2022 – Tom Connor of Horvath & Tremblay has arranged the sale of a four (4) unit multi-family apartment building in New Haven, Connecticut. Connor exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $325,000.
The multi-family apartment building is located at 112 Hallock Avenue in New Haven, Connecticut. The Property contains four (4) 2-Bedroom/1-Bathroom units with 3,720 square feet of living area in 5,652 square feet of gross area on a 0.17-acre parcel with off-street parking. The units are individually metered for electricity, gas heat and hot water, and cooking gas, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. 112 Hallock Avenue is well-located along the shores of the Long Island Sound, just outside of New Haven’s Central Business District. The property is situated on a tree-lined residential street and is less than 500 feet from Sargent Drive, 0.75-miles from Ella T Grasso Boulevard (CT Route 10), 0.8-miles from Interstate 95, and 1-mile from Union Station with service on Metro North and Amtrak. The Property is 1.5-miles from New Haven’s Central Business District, which is home to countless office buildings, the New Haven Green and Yale University. The location offers convenient access to area highways, public transportation (bus and rail) and retail amenities on Kimberly Avenue and US Route 1, southern Connecticut’s primary commercial corridor.
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.