905 Lofts | 905 Burnside Ave
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905 Lofts 905 Burnside Ave
80 Unit Apartment Building For Sale East Hartford, CT 06108
Investment Highlights
- 100% MARKET-RATE WITH STRONG PROPERTY LEVEL FUNDAMENTALS
- STRONG RENTER DEMOGRAPHICS & ACCESS TO LIFESTYLE AMENITIES
- SIGNIFICANT REMAINING UPSIDE IN RENTS THROUGH LTL & RENOVATIONS
Executive Summary
905 Lofts is an 80-unit apartment community in East Hartford, CT. The community continues to experience strong property
fundamentals, proven value-add and additional upside in rents.
We are offering this property for sale without an asking price, and will be conducting tours with a call-for-offers to follow shortly thereafter.
CBRE Capital Markets has been exclusively retained to sell The NBM Apartment Portfolio (the “Portfolio”), 267-unit, four-property apartment portfolio. The four properties are 905 Lofts in East Hartford, CT, Brookview Townhomes in Westfield, MA, Longhill Gardens in Southampton, MA & Palmer Gardens in Palmer, MA. While we are offering this opportunity as a portfolio, we welcome offers on a sub-portfolio or individual basis.
fundamentals, proven value-add and additional upside in rents.
We are offering this property for sale without an asking price, and will be conducting tours with a call-for-offers to follow shortly thereafter.
CBRE Capital Markets has been exclusively retained to sell The NBM Apartment Portfolio (the “Portfolio”), 267-unit, four-property apartment portfolio. The four properties are 905 Lofts in East Hartford, CT, Brookview Townhomes in Westfield, MA, Longhill Gardens in Southampton, MA & Palmer Gardens in Palmer, MA. While we are offering this opportunity as a portfolio, we welcome offers on a sub-portfolio or individual basis.
Property Facts
| Sale Type | Investment | Lot Size | 5.69 AC |
| No. Units | 80 | Building Size | 66,006 SF |
| Property Type | Multifamily | Average Occupancy | 99% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low Rise | Year Built/Renovated | 1970/2014 |
| Building Class | C |
| Sale Type | Investment |
| No. Units | 80 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 5.69 AC |
| Building Size | 66,006 SF |
| Average Occupancy | 99% |
| No. Stories | 3 |
| Year Built/Renovated | 1970/2014 |
Unit Amenities
- Microwave
- Heating
- Kitchen
- Hardwood Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Vinyl Flooring
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Pet Play Area
- Elevator
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 60 | - | 680 |
| 2+1 | 12 | - | 1,062 |
| 2+2 | 6 | - | 1,153 - 1,673 |
| 3+2 | 2 | - | 1,712 - 1,849 |
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PROPERTY TAXES
| Parcel Number | EHAR-000059-000000-000396A | Improvements Assessment | $4,567,900 |
| Land Assessment | $250,360 | Total Assessment | $4,818,260 |
PROPERTY TAXES
Parcel Number
EHAR-000059-000000-000396A
Land Assessment
$250,360
Improvements Assessment
$4,567,900
Total Assessment
$4,818,260
zoning
| Zoning Code | Commercial (Commercial zoning) |
| Commercial (Commercial zoning) |
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Power Broker John McLaughlin -
Power Broker Simon Butler -
Power Broker Biria St. John -
CBRE
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905 Lofts | 905 Burnside Ave
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