Brad Balletto's Northeast Private Client Group Sells Mixed-Use Property For $4.15M In New Britain, CT

Located at 10-16 Washington Street in New Britain, CT, this recently sold mixed-use property offers a total of 55 units, consisting of 52 residential units and 2 commercial units. The asset showcases a diverse range of spaces, providing both a residential and commercial opportunity for tenants.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,150,000
• Market: New Britain, CT
• Date: 09/17/2021
• Broker: Brad Balletto - Northeast Private Client Group

Representing Northeast Private Client Group, Brad Balletto played a vital role as the broker in the sale of this property. With his expertise and knowledge of the market, Balletto facilitated the transaction, ensuring a successful deal for all parties involved.

The sale price of $4,150,000 reflects a cap rate of 7.35%. This indicates the expected annual return on investment for potential buyers, making it an attractive opportunity in the New Britain, CT market.