March 14, 2023 – Tim Hines of Horvath & Tremblay has arranged the sale of a multi-family property in New Britain, Connecticut. Hines exclusively represented the seller to complete the transaction at a sale price of $680,000.
The multi-family property is located at 21 Greenwood Street in New Britain, Connecticut. The Property consists of a three-story, brick building containing six (6) 2-Bedroom/1-Bathroom units with 6,660 square feet of living area in 9,510 total square feet, on a 0.31-acre parcel. Additionally, each unit is separately metered for electricity, heat (gas fired), and hot water (gas fired), which the Tenants pay directly. The Property includes eight off-street parking spaces and an on-site laundry facility. The Property is well-located in eastern New Britain. The location offers convenient access to CT Route 9, CT Route 72 and Interstate 84. CT Transit bus transportation is available on Market Street just 233 feet from the Property. 21 Greenwood Street is 0.5-miles from downtown New Britain, with amenities including Price Rite, C-Town Supermarket, CVS, Walgreens, a variety of restaurants and bars, 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 just 2.5 miles from Central Connecticut State University.
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.