April 24, 2025 – Tim Hines and Tom Connor of Horvath & Tremblay have arranged the sale of a twelve (12) unit multi-family property in New London, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $950,000.
The multi-family property is located at 190 & 196 Broad Street in New London, Connecticut. The Property is improved by two (2) three-story buildings and contains twelve (12) units comprised of one (1) office unit, and eleven (11), 1-Bedroom/1-Bathroom residential units with 9,526 square feet of living space in 14,542 square feet of gross area on 0.9-acres of land. The well-maintained Property features ample on-site parking for residents at the rear of the Property. The Property is well located along Broad Street and is seconds from Downtown New London and the banks of the Thames River. The Property provides convenient access to public schools, colleges and universities, shopping amenities, restaurants, harbors and marinas, and major area employers. The Property is also close to major area roadways including Interstate 95, US Route 1, and CT Routes 85, 156, 213, 184, and 12. New London is located along the shoreline in southeastern Connecticut and is the economic center of the region.
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.