September 13, 2023 – Stavros Filippidis and Tom Connor of Horvath & Tremblay have successfully completed the sale of Volpintesta Crossing, a 26-unit Mixed-Use property in Bethel, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,000,000.
Volpintesta Crossing is a new construction mixed-use Property comprised of five in-line mixed-use buildings with twenty-six (26) total units including nine (9) commercial units on the first floors and seventeen (17) residential units on the upper floors. The residential units consist of fourteen (14), 1-Bedroom/1-Bathroom units, two (2), 1-Bedroom/1-Bathroom plus Loft units, and one (1) 3-Bedroom/2 Bathroom unit. The Property contains 21,763 square feet of living area in 23,411 square feet of total gross area and sit on a 0.6-acre parcel. Four of the five buildings were constructed in 2022 and the fifth building was originally constructed in 1880 and was extensively renovated in 2022. The Property is located in the center of Bethel in the desirable Greenwood Historic District. The Property is located along Greenwood Avenue immediately adjacent to the village center, providing convenient, walkable access to area shopping (Caraluzzi’s – the area’s primary grocery store, Ace Hardware, CVS, Snap Fitness, and several liquor stores), numerous dining options, municipal offices, and the Bethel Train Station with service to New Haven or New York’s Grand Central Station (0.5-miles away). The Property is close to CT Route 53, the area’s primary commuter thoroughfare and offers convenient access to Western Connecticut State University’s main campus (3-miles), Danbury Hospital (3.7-miles), and the Danbury Fair Mall and Interstate 84/CT Route 7 interchange (4-miles) providing access to all areas of the state. The Property is also located on the Municipal Bus Line (HART) with service throughout Bethel, Danbury and the surrounding towns. Additionally, Interstate 84 and US Route 7 are easily accessible.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. 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.