July 25, 2022 – Tim Hines of Horvath & Tremblay has arranged the sale of a multi-family property in New Britain, Connecticut. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $1,475,000.
The multi-family property is located at 21 Dunlay Street in New Britain, Connecticut. The Property consists of a three-story, brick building containing fifteen (15) total units, made up of ten (10) 2-Bedroom/1-Bathroom units and five (5) 1-Bedroom/1-Bathroom units in 15,119 square feet of living area, in 19,166 square feet of gross area, on a 0.44-acre parcel. The Property includes off-street parking for twenty cars, a coin-operated laundry facility and on-site storage. 21 Dunlay Street is well-located in southeastern New Britain. The location offers convenient access to CT Route 9, CT Route 72, US Route 5 and Interstate 84. CT Transit bus transportation is available within walking distance of the Property along South Street. Nearby amenities include Sam’s Club, Price Rite, CVS, Walgreens, and CT Fastrak’s New Britain Station, which opened in 2015 and serves as a central hub for local and express bus services throughout the region. The Property is located 3.2 miles from Central Connecticut State University and 11 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.