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31097888
31402693

1030 Federal Rd, Brookfield, CT 06804

JD
CT CT 0811098
Tower Realty Corporation
MC
CT RES.0136610
Tower Realty Corporation
MD
CT REB.0758735
Tower Realty Corporation
Tower Realty Corporation
Listed by Tower Realty Corporation
$8,750,000
738 days on market
Updated 95 days ago

1030 Federal Rd

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 15,804
Units 34
NOI $298,711
Occupancy 100%
Pro-Forma Cap Rate 6.50%
Pro-Forma NOI $568,711
Class B
Year Built 1994
Year Renovated 2024
Buildings 5
Acreage 4.470
Investment Type Core+

Tower Realty Corp. is pleased to present the Newbury apartments at 1030 Federal Road, Brookfield CT.

Marketing description

Tower Realty Corp. is pleased to present The Newbury Apartments at 1030 Federal Road in Brookfield, Connecticut. The property consists of two buildings totaling approximately 15,804 square feet and 20 residential units, all of which were completely renovated in 2024.

The unit mix includes 17 one-bedroom and 3 two-bedroom apartments, featuring spacious layouts with new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting throughout. The parking lot was recently paved and striped, and the property offers ample on-site parking for residents.

A major value-add component of the offering is the approved development of 15 additional one-bedroom apartments, along with plans for a pool, pool house, and fitness area. The expansion provides a significant opportunity to increase rental income and overall property value, positioning the asset as a strong long-term investment.

Ideally located along Federal Road (Route 7), the property sits near the Four Corners area of Brookfield and the New Milford line, surrounded by a wide range of retail, restaurants, and daily amenities, including the recently developed food emporium and retail corridor. This prime location provides convenient access to major shopping destinations and regional roadways.

Investment highlights

  • 17 - One Bedrooms, 2 - Two bedrooms
  • 15 New Units to Be Built
  • City Water, Sewer
  • Fully Leased
  • Brand New (2024)
  • Easy Access to I-84 Highway - Danbury, shopping, and dining
  • Located on the corner of Rt. 202 & Rt. 7/I-84
  • Growing Area: Surrounded by new retail, restaurant, and residential development in the Brookfield/New Milford corridor
  • Strong Rental Demand Ample
  • On-Site Parking: Newly paved and striped
  • Proximity to Retail & Dining: Located minutes from "Four Corners" Brookfield - convenient access to grocery, restaurants & shops.

Listing Contacts

JD
CT CT 0811098
Tower Realty Corporation
MC
CT RES.0136610
Tower Realty Corporation
MD
CT REB.0758735
Tower Realty Corporation
Tower Realty Corporation
Listed by Tower Realty Corporation

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$298,711.00
$24,892.58/mo

Valuation Metrics

0
DSCR
3.41%
Cap Rate
3.41%
ROI

Map

Zoning

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C-GN CommercialSpecial CommercialCommercial Gateway North
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Last updated Feb 19, 2026 For deeper zoning details, reports are available at Zoneomics

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Additional Information

Name
Joe Dimyan
License
CT 0811098
Brokerage
Tower Realty
Brokerage Address
246 Federal Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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