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33346580
33346579

104 BROAD ST, NEW BRITAIN, CT 06053-4306

Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,150,000
13 days on market
Updated 13 days ago
Opportunity zone

104 Broad Street

Details
APN 09003089-C7B 72
Property Type Mixed Use
Square Footage 15,094
Net Rentable (SqFt) 10,503
Units 11
Cap Rate 5.78%
NOI $66,424
Price per SqFt $109
Year Built 1926
Buildings 1
Stories 3
Acreage 0.130
Ground Lease No
Ownership Fee Simple

Mixed-Use | 11 Units | 15,094 Sq Ft

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the mixed-use investment property located at 104 Broad Street in New Britain, CT (the “Property”). The three-story building contains eight (8) 1-Bedroom/1-Bathroom units and three (3) Commercial units with 10,503 square feet of gross living area in 15,094 square feet of gross area. The Property is situated upon a 0.13-acre parcel and features on-street parking.

104 Broad Street is centrally located in downtown New Britain, offering immediate access to the city’s urban core, neighborhood retail corridors, and surrounding residential communities. The property benefits from strong regional connectivity via nearby Route 9, Route 72, and Interstate 84, providing convenient access throughout central Connecticut and to major employment centers including Hartford and Waterbury.

Investment highlights

ACCESS & CONNECTIVITY

104 Broad St in New Britain offers strong access to the city’s transit network and regional road system, with CTfastrak bus service nearby, rail access available at Berlin Station, and convenient connections to Route 9 and Route 72 for travel throughout central Connecticut

The Property is well positioned for public transportation, as CTfastrak links downtown New Britain with Hartford through frequent bus service, and local CT-transit routes also serve the area.

For rail travel, Berlin Station is the closest passenger rail option and provides service on the Hartford Line, with Amtrak connections available there as well. By car, the location benefits from quick access to Route 9 and Route 72, which connect New Britain to Hartford, Middletown, Plainville, and the broader interstate network.

AREA AMENITIES & DEMAND DRIVERS

The Property benefits from proximity to major employers including Stanley Black & Decker, which maintains its corporate headquarters in New Britain, as well as Central Connecticut State University, The Hospital of Central Connecticut, and Hospital for Special Care.

These institutions collectively employ thousands of workers and provide consistent demand for apartment housing from students, healthcare employees, administrative staff, and regional commuters.

The Property also benefits from its location near the city’s revitalized downtown district, which has experienced ongoing public and private investment centered around mixed-use development, transit-oriented housing, and neighborhood retail activation.

Broad Street is also located within New Britain’s well-known “Little Poland” neighborhood, one of the most established Polish-American districts in the Northeast, which contributes to the area’s unique cultural identity and local business environment.

DESIRABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

SEPARATELY METERED UTILITIES

Tenants are responsible for all utilities at the Property. This includes gas powered heating & hot water, separately metered electricity, and city water & sewer. The Landlord is responsible for common area electricity.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 25,400 people live within 1 mile of the Property with an average household income of $60,939. Over 92,500 people reside within 3 miles of the Property with an average household income of $90,222.

QUALITY OF LIFE AMENITIES

The Property is located within the city’s well-known “Little Poland” district, home to numerous established local restaurants and specialty markets. Nearby dining options include Belvedere Cafe and Restaurant and Taste of Poland, both popular local destinations for traditional Polish cuisine, along with Thai Kitchen 29 and the downtown food hall concept at The Assembly Room.

Residents also benefit from proximity to a variety of national and quick-service dining options located along Main Street, East Main Street, and nearby commercial corridors, including Dunkin’, McDonald’s, Subway, and other everyday conveniences throughout the downtown area.

Retail amenities surrounding the property include neighborhood convenience stores and specialty grocers such as Compare Foods of New Britain, CTown Supermarkets, New Britain Market Place, and the local Polish market Polmart. Larger retail destinations are easily accessible as well, including New Brite Plaza and Westfarms in nearby West Hartford.

Outdoor recreation opportunities are anchored by Walnut Hill Park, a historic Frederick Law Olmsted-designed public park offering walking paths, athletic fields, playgrounds, open green space, and seasonal community events.

Listing Contacts

Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
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Annual Cash Flow
$66,424.00
$5,535.33/mo

Valuation Metrics

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DSCR
5.78%
Cap Rate
5.78%
ROI

Map

Zoning

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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
Ethan Cole
License
REB.0791749
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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