See all 5 photos
5 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$1,200,000
Est. payment /mo
29,000 SqFt
UPDATED:
12/11/2024 06:58 AM
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 29,000 sqft
Price per Sqft $41
MLS Listing ID 24051623
Year Built 1903
Annual Tax Amount $68,301
Lot Size 0.390 Acres
Property Description
$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.
Location
State CT
County Hartford
Zoning CBD
Interior
Heating Gas on Gas, Heat Pump
Cooling Central Air
Exterior
Utilities Available Electric, Gas
Roof Type EPDM Synthetic Rubber
Building
Lot Description Level Lot
Sewer Public Sewer Connected
Water Public Water Connected
Read Less Info
Listed by Michael Guidicelli • Regions Real Estate Advisors
Get More Information
Quick Search
- Homes For Sale in Willington, CT
- Homes For Sale in Columbia, CT
- Homes For Sale in Plainfield, CT
- Homes For Sale in East Hartford, CT
- Homes For Sale in Waterford, CT
- Homes For Sale in Tolland, CT
- Homes For Sale in Sterling, CT
- Homes For Sale in Woodstock, CT
- Homes For Sale in East Hampton, CT
- Homes For Sale in Ashford, CT
- Homes For Sale in Colchester, CT
- Homes For Sale in Essex, CT
- Homes For Sale in Norwich, CT
- Homes For Sale in Putnam, CT
- Homes For Sale in Montville, CT
- Homes For Sale in Haddam, CT