Brad Balletto's Northeast Private Client Group Sells Mixed-Use Property For $4.15M In New Britain, CT
10-16 Washington Street
34,412 SF
Summary
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.
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