April 25, 2022 – Tim Hines of Horvath & Tremblay has arranged the sale of a multi-family property in New Britain, Connecticut. Hines represented the seller to complete the transaction at a sale price of $525,000.
The multi-family property is located at 66-70 Sexton Street in New Britain, Connecticut. The Property is comprised of two adjacent buildings with a total of eight (8) units, comprised of six (6), 2-Bedroom/1-Bathroom units and two (2), 1-Bedroom/1-Bathroom units with 6,768 square feet of living area in 10,928 square feet of total gross area on a 0.23-acres of land. The Property offers ample on-site parking for residents and guests. Each unit is separately metered for electricity and gas heat and hot water, which the Tenants pay directly. 66-70 Sexton Street is well-located on a residential street in central New Britain with convenient access to area highways (I-84, and CT Routes 9 and 72), public transportation, and numerous retail amenities. The Property is also located 2 miles from Central Connecticut State University and 9 miles from Downtown Hartford. The property also benefits from strong rental demographics, an impressive 89,200+ people live within 3-miles of the Properties with an average household income of $72,700.
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.