August 9, 2022 – Tim Hines of Horvath & Tremblay has arranged the sale of an eighteen (18) unit multi-family property in New Britain, Connecticut. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $1,085,000.
The multi-family property is located at 130-132 Beaver Street & 247-249 Washington Street in New Britain, Connecticut. The Property consists of four (4) three-story buildings containing a total of eighteen (18) units, made up of fifteen (15) 2-Bedroom/1-Bathroom units and three (3) 1-Bedroom/1-Bathroom units in 14,806 square feet of living area, in 22,747 square feet of gross area. The Property is well-located in central New Britain. The location offers convenient access to Interstate 84, CT Route 9 and CT Route 72. CT Transit bus transportation is available on Broad and Washington Streets. Walkable amenities include Save A Lot Supermarket, Walgreens, the YMCA 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. Additionally, the Property is located less than 2 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.