December 6, 2024 – Tim Hines of Horvath & Tremblay has arranged the sale of a seven (7) unit multi-family building in New Britain, Connecticut. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $700,000.
The three-story building located at 5 Lyman Steet in New Britain, Connecticut contains seven (7) residential units comprised of one (1), 1-Bedroom/1-Bathroom unit and six (6), 2-Bedroom/1-Bathroom units with 6,912 square feet of living area on 0.15-acre parcel of land. The Property also features a detached three bay garage and surface spaces at the rear of the Property. The Property is well-located in central New Britain. The location offers convenient access to CT Route 9, CT Route 72 and Interstate 84. CT Transit bus transportation is available next to the Property along Broad Street and Washington Street. Nearby amenities include Price Rite of New Britain, Walgreens, CVS, 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. 5 Lyman Street is 1.2-miles from the Hospital of Central Connecticut, 1.8-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.