–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in New Britain, Connecticut–
Shelton, CT (April 28, 2022) – Northeast Private Client Group® (NEPCG) has announced the sale of The Hayes Street Apartments in New Britain, CT.
Senior Associate Taylor Perun and Investment Associate Alex Burr represented the seller and procured the buyer for the multifamily transaction.
8 Hayes Street, located in New Britain, Connecticut, sold for $1,535,000, equating to a price of approximately $85,000 per unit. The 18-unit property is conveniently on a corner lot that intersects Farmington Avenue and provides easy access to major interstates and the downtown area. The 15,900 SF property consists of 12 one-bedroom and six (6) two-bedroom apartments. Most of the units have been renovated and have hardwood floors. A central natural gas-fired boiler provides heat and hot water.
“This property represented a strong value add potential for the buyer with the ability to raise rents approximately 20% to reach market levels.” – Taylor Perun, Senior Associate.
Northeast Private Client Group® specializes in mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.