$1,200,000

Under Contract

Est. Mortgage $6,068/mo *

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132 Main Street, New Britain, CT, 06051

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1903

29,000 sqft

$46OK NOI 21 Unit New Apartments Live auction bid on TenX 11.11.24 asking price is starting bid The Andrews is a 28,475 SF investment property that recently underwent a multimillion dollar restoration, office to residential conversion to 20 luxury one-bedroom apartments with an actual net operating income of $460,000. The Andrews combines historic Beaux Arts architecture with modern luxury, offering boutique-style apartments equipped with smart technology, secure keyless entry, sophisticated finishes, and black/stainless steel appliances. In addition, the building offers common amenities such as an elevator, laundry room, and the convenience of having EV charging stations at the parking lot. Situated in beautiful Downtown New Britain, this property provides a rare long-term market opportunity for investors. The Andrews benefits from its strategic location in the burgeoning Downtown New Britain area, which is experiencing significant growth and revitalization. Tenants enjoy immediate access to downtown with a healthy selection of emerging restaurants, retail shops, and arts organizations. In addition, The Andrews is within a 15-minute drive to Downtown Hartford and West Hartford. The property is conveniently situated within minutes of Routes 9 and 72 and just two blocks from the CTfastrak station, ensuring excellent connectivity.

Status:

Under Contract

Type:

Commercial

Units:

Zoning:

CBD

Frontage:

Municipal Street

Heating:

Gas on Gas, Heat Pump

Cooling:

Central Air

Acreage:

0.39

Est. Taxes:

$68,301

Assessment

$1,725,220

Current Use

21 Unit Luxury Apartments

Permitted Use

21 Unit Luxury Apartments

Utilities

Electric,Gas

Lot Description:

Level Lot

Days on Market:

MLS #:

24051623

Community Info

School Info

Walk Score

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