News: Front Section
Posted: November 18, 2022
Hines of Horvath & Tremblay arranges two sales totaling $2.56m
New Britain, CT Horvath & Tremblay has completed the sale of two multifamily properties for a total of $2.56 million.
Tim Hines of Horvath & Tremblay arranged the sale of a multifamily property. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $1.475 million. The multifamily property is located at 21 Dunlay St. The property consists of a three-story, brick building containing fifteen total units, made up of ten two-bedroom/one-bathroom units and five one-bedroom/one-bathroom units in 15,119 s/f of living area, in 19,166 s/f of gross area, on a 0.44-acre parcel. The property includes off-street parking for 20 cars, a coin-operated laundry facility and on-site storage. The location offers access to CT Rte. 9, CT Rte. 72, US Rte. 5 and I-84. CT transit bus transportation is available within walking distance of the property along South St. Nearby amenities include Sam’s Club, Price Rite, CVS, Walgreens, and CT Fastrak’s New Britain Station, which opened in 2015 and serves as a central hub for local and express bus services throughout the region. The property is located 3.2 miles from Central Connecticut State University and 11 miles from downtown Hartford.
Hines also arranged the sale of an 18 unit multifamily property. Hines represented the seller and procured the buyer to complete the transaction at a sale price of $1.085 million. The property is located at 130-132 Beaver St. & 247-249 Washington St. The property consists of four three-story buildings containing a total of 18 units, made up of 15 two-bedroom/one-bathroom units and three one-bedroom/one-bathroom units in 14,806 s/f of living area, in 22,747 s/f of gross area. The location offers access to I-84, CT Rte. 9 and CT Rte. 72. CT transit bus transportation is available on Broad and Washington St. Walkable amenities include Save A Lot Supermarket, Walgreens, the YMCA and CT Fastrak’s New Britain Station. Additionally, the property is located less than two miles from Central Connecticut State University and 12 miles from downtown Hartford.
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