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- LoopNet Team
38-50 Main St
New Britain, CT 06051
44 Unit Multifamily - 7.5% Cap · Multifamily Property For Sale · 44 Units
Investment Highlights
- In-demand studio & 1-bedroom apartments
- Opportunity Zone (QOZ) location
- Value-add opportunity though improvements & rental increases to market
- Rare off-street parking amenity - 16 spaces
PROPERTY FACTS
| No. Units | 44 | Building Size | 29,868 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid Rise | Year Built/Renovated | 1905/1996 |
| Building Class | B | Parking Ratio | 0.54/1,000 SF |
| Lot Size | 0.29 AC | Cross Streets | Glen Street |
| No. Units | 44 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid Rise |
| Building Class | B |
| Lot Size | 0.29 AC |
| Building Size | 29,868 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built/Renovated | 1905/1996 |
| Parking Ratio | 0.54/1,000 SF |
| Cross Streets | Glen Street |
Site Amenities
- Security System
- Elevator
- Public Transportation
About 38-50 Main St , New Britain, CT 06051
Amodio & Co is pleased to present this 44-unit multifamily asset located at 38-50 Main Street, New Britain, Connecticut. The stately property is located in the Downtown Main Street CBD, across from bustling C-Town grocery store. This 4 story brick property houses 5 existing retail tenants on ground level and 39 residential units above. Significant value-add opportunity through improvements and rental rate increases to market. Heat and hot water is provided by central fired gas boiler & water heater, paid by owner. Tenants have separately metered electric. Desirable, easy to lease unit mix of studio and 1-bedroom apartments. Off-street parking lot for 16 cars. Two blocks from bus-rapid transit system, CT Fastrak, with direct linkage to Downtown Hartford and Central CT State University.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | 260 |
| 1+1 | 15 | - | 531 |
zoning
| Zoning Code | CBD (Central Business District) |
| CBD (Central Business District) |
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