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1030 Federal Rd

30 Unit Apartment Building $8,428,080 CAD ($280,936 CAD/Unit) 5.38% Cap Rate Brookfield, CT 06804

Executive Summary

Tower Realty Corp. is pleased to present the Newbury apartments at 1030 Federal Road, Brookfield CT. Two buildings consisting of 15,804 Sq Ft with 20 Units completely renovated in 2024. The property is approved for 14 additional units, pool, pool house and gym. The building is comprised of 17 one-bedroom and 3 two-bedroom apartments with ample parking. These spacious units have new floors, fresh paint, granite countertops, stainless steel appliances and bright lighting. Parking lot was just paved with stripes. The property is situated in the middle new food emporium.

Property Facts

Price $8,428,080 CAD
Price Per Unit $280,936 CAD
Sale Type Investment
Cap Rate 5.38%
No. Units 30
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 4.55 AC
Building Size 16,964 SF
No. Stories 2
Year Built 2023

Unit Amenities

  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Smoke Detector

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BROO-000004C-000000-000010
Land Assessment
$937,231 CAD
Improvements Assessment
$1,132,678 CAD
Total Assessment
$2,069,908 CAD
  • Listing ID: 32323131

  • Date on Market: 2024-07-02

  • Last Updated:

  • Address: 1030 Federal Rd, Brookfield, CT 06804

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