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57 Whiting St
New Britain, CT 06051 New Britain/Newington/Wethersfield

$2,800,000 USD

Apartments For Sale  •  34,868 SF

Property Details

  • Property Type Apartments
  • Total Building Size 34,868 SF
  • Lot Size 0.32 AC
  • Building Class C
  • Year Built 1924
  • Cap Rate 7.73 %
  • Zoning B3
50 Transit Score
60 Walk Score

Highlights

Excellent corner location in close proximity to demand drivers such as the Hospital of Central Connecticut, Downtown New Britain and CT fastrak busway
Completely separated utilities reducing landlord expenses
Very well maintained property with recent upgrades including new heating units, cosmetic apartment renovations, and substantial roofing improvements
Strong in place cash clow with a direct path to increase the building rent roll through organic rent increases and new lease signings
In demand apartment mix containing large 2,3, and 4 bedroom apartments leading to very stable building occupancy and long term tenant demand

Property Flyers

Cap Rate: 7.73 %

Major Tenants

Tenant SF Occupied Lease End Date
Latino Supermarket Llc

Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • Heating
  • Trash Pickup - Curbside
  • Walking/Biking Trails
  • Range
  • Instant Hot Water
  • Window Coverings

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.3 mi
5 min - 2.3 mi
AirportDriveWalkDistance
Bradley International 42 min - 26.9 mi
Tweed/New Haven 47 min - 32.2 mi

Parking Details

Parking Available: Yes
Reserved: Yes
Spaces Provided: 20
Type: Reserved
Included in Rent: Yes
Robert Shawah 203-335-5117 Baldwin Pearson & Company, Inc.
Robert Shawah 203-335-5117 Baldwin Pearson & Company, Inc.