Gomberg Report >
Connecticut

Updated 5/9/08
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Hartford County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 Hartford
12 unit
New Listing
600,000
80% Financing Available
85,680
7
50,000
Fully occupied brick apartment building with new roof, boiler and windows. Many updated kitchens.
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33 unit
1,947,000
80% Financing Available
241,908
8.05
59,000
1969 3-story elevator apartment building with 33 1BR and 2 2BR units. 20 car parking. On-site super.
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18 unit
1,062,000
80% Financing Available
129,840
8.18
59,000
All 1BR apartments. On-site laundry. Adjacent lot has parking for 36+ cars.
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12 unit
mixed-use
708,000
80% Financing Available
101,100
7
59,000
Property consists of one retail store, 9 2BR and 2 3BR apartments. Tenants pay all heat, hot water and electric.
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12 unit
708,000
80% Financing Available
87,480
8.09
59,000
All 1BR apartments. Located in the West End.
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92 unit
4,995,000
80% Financing Available
698,400
7.15
54,293
1970 3-story elevator apartment building with 3 studios, 81 1BR and 8 2BR units. Situated on 1.4 acre site with 100 on-site gated/fenced parking spaces. Laundry room on each floor.
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48 unit
2,595,000
80% Financing Available
394,475
6.58
54,062
3-story brick apartment building with all 1BR units.
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12 unit
625,000
80% Financing Available
94,050
6.65
52,083
3-story brick apartment building with 10 1BR and 2 2BR units.
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16 unit
850,000
80% Financing Available
119,220
7.13
53,125
Property consists of two brick buildings with all 1BR apartments. Newer roofs, off-street parking and stable tenant base. On busline.
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33 unit
1,850,000
80% Financing Available
288,420
6.41
56,060
Four building portfolio consists of 8 studios, 12 1BR, 9 2BR and 4 3BR units. Many updates, stable occupancy, some separate utilities.
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9 unit
mixed-use
840,000
80% Financing Available
110,088
7.63
93,333
The property is comprised of 1 commercial unit on the first level and 8 spacious residential units above having 2 2BR and 4 1BR units. There is parking for 18 cars. The retail unit has a new HVAC system. New windows were installed in 2004. A new gas burner was installed 2005.
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13 unit
875,000
80% Financing Available
135,965
6.43
67,307
Located near the new convention center this property has 7-3 bed 2 bath apartments as well as 2-2's and 4-1's. Rehabbed in 1998, improvements included upgrades to the kitchens and baths, a new roof, new windows and updates to the boiler. Ample off-street parking for 16 cars with easy access to I-91 and I-84. The property is well maintained with an on-site super.
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18 unit
Mixed Use
1,600,000
192,360
8.32
88,889
Package consists of three 3 family homes, a 2 family, a garage, a deli and a barber shop.  Also included is a gutted 2 family, a retail space that needs finishing with a club license, a two car garage and a warehouse building that used to a grocery store.
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broker
12 unit
740,000
80% Financing Available
149,046
4.96
62,500
Property consists of 2 six unit brick buildings.  Recent improvements include new carpet, kitchens and baths.  There are four 2BR, four 3BR and four 4BR.  
10% down with seller second
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broker
9 unit
950,000
Financing Available
104,208
9.12
Property consists of 5 apartments above 4 street level retail spaces.  Each retail space is approx. 1,000 sf.  There are 4 3BR & 1 1BR apartments, all with decks.  New roof, new electric, updated heating, and parking in rear.
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17 unit
mixed-use
1,250,000
90% Financing Available
158,250
7.89
73,529
The property, which was gut rehabbed in 1985, consists of 15 apartments, most of which are 2BR, 2BA, and 2 offices.  All units have central AC and tenants pay for all utilities.  Off-street parking for 26 cars.  $76,411 per unit.  
10% down with seller second
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 Manchester
58 unit
4,800,000
80% Financing Available
650,000
7.4
82,758
The complex has 7 buildings on 4.9 acres and there is more than 47,500 s.f. of rentable building area. There are 27 two-bedroom townhouse style apartments and 31 one-bedroom units. 51 apartments include oil-based heat and hot water and there are 7 electric units that are individually metered. 16 apartments have garages.
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 New Britain
36 unit
1,980,000
80% Financing Available
339,600
5.83
55,000
32 large 2BR and 4 1BR apartments. New Rubber Roof, all Windows replaced less than 12 years ago. Building has an elevator and an on site laundry room. All units are well maintained and updated throught the years. Tenants pay electric/ Heat, hot water, and cooking gas paid by landlord. New sprinkler and fire alarm system.
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13 unit
795,000
80% Financing Available
110,523
7.19
61,153
Well maintained brick apartment building with 1 studio, 4 1BR, 4 2BR and 4 3BR units. Brand new furnace and hot water heaters. Near Walnut Hill Park.
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30 unit
mixed-use
1,400,000
80% Financing Available
218,400
6.4
46,666
This property consists of 28 Apartments and 2 Storefronts (23 Studios, 3 1BR, and 2 2BR). Many renovations were done to the building: new windows, plumbing, new fire alarm system, etc. Retail tenants pay for their own utilities.
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 Newington

Industrial Bldg.
1,565,000
Financing Available
209,810
7.46
Long term, stable tenants. 9% cash on cash. $33,446 up side with vacant space filled. 17 foot ceilings. 14 foot doors. Building size = 37,034 sq. ft., Lot size = 1.9 acres. Sprinklers and fenced yard.
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 New Britain
56 unit
New Listing
3,100,000
80% Financing Available
393,300
7.88
1967 Apartment complex consist of 6 buildings with 54 1BR and 2 2BR units. New renovations include windows, fire exit doors, fencing, landscaping and security cameras.
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 Plainville

11 unit
mixed-use

699,900
80% Financing Available
73,170
9.56
63,627
1980 brick apartment building with two year old hip roof. New thermal windows were installed three years ago. The store front tenant has been here over 20 years. The store has ample parking in the front parking lot. The parking for the ten other apartments, nine efficiencies and one, one bed room, is in the rear parking lot. All tenants pay their own utilizes. The building requires limited maintenance with the brick exterior, newer roof and windows and paved parking lot. There is a coin-op laundry and storage areas for extra income. To generate even higher income, the opportunity for conversion to a motel maybe possible.
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Fairfield County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 Bridgeport
17 unit
mixed-use
875,000
80% Financing Available
156,600
5.59
51,470
Property consists of four retail stores on the first floor and 13 apartments above. Tenants pay all utilities.
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14 unit
Mixed Use
899,000
80% Financing Available
137,000
6.66
64,214
The property consists of 4 store fronts and ten 3BR units.  All units are renovated and occupied.  Within 4 blocks of the newly proposed waterfront development. 
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broker
 Danbury


Office Bldg.
1,680,000
Financing Available
169,709
9.9
Two contiguous properties totaling .88 acres with 2 buildings. 6,282 sq. ft. office building and two family home. 100% occupied with fair market value leases. Site plan approval in process for 6,000 sf expansion.
Seller secondary financing available
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 Norwalk
No current listings
Stamford
14 unit
New Listing
2,750,000
80% Financing Available
257,400
10.68
196,428
1992 apartment building with 1 studio, 2 2BR, 6 3BR/1.5BA and 5 3BR/1.5BA units.
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6 unit
New Listing
1,750,000
Financing Available
166,800
10.49
291,666
Mixed-use property with 4 apartments above 1st floor retail units. The property has been extensively renovated.
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New Haven County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 Ansonia
No current listings
 Hamden

26 unit
2,375,000
80% Financing Available
256,895
9.24
91,346
This 26 unit mixed use building includes 6 retail stores.  The property includes 4 1BR, 12 2BR and 43BR units in addition to the 6 commercial fronts. The tenants pay for their own heat and h/w and parking is provided in the rear of the building.
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 Meriden
No current listings
 Milford
8 unit
735,000
80% Financing Available
99,180
7.41
91,875
Well maintained 8-Family with 1 studio, 3 1BR and 4 2BR units.
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 New Haven
10 unit
550,000
80% Financing Available
82,000
6.7
55,000
Large Victorian with 2 1BR units and 8 studios. Secure building with large garage (additional income) and 15+ parking spaces. Complete rehab was done on the property three years ago.  New windows and updated electric.
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23 unit
1,500,000
80% Financing Available
205,500
7.3
65,150
Great brick building with a lot of old world charm! 16 1BR, 5 2BR and 2 studios. There is a new central furnace and central hot water heater replaced 3 years ago. . The electric is separate and updated. Property has fenced in yard, intercom system w/secured entrance, & some new windows. Units have refinished hdwd flrs, built ins, & crown molding. 
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18 unit
1,350,000
80% Financing Available
160,500
8.41
75,000
11 1BR, 6 2BR and 1 3BR fully rehabbed w/in the last 3 years! All separate utilities. 18 new furnaces and hot water heaters. Updated kitchens and baths. All new windows, a secured entrance with intercom system, a fire alarm system and freshly painted common areas. Updated, separate electric.
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 Waterbury
10 unit
New Listing
780,000
80% Financing Available
102,180
7.63
1975 apartment building with all large 2BR, 1.5BA units. Situated on over half an acre, there are 5 garages and 14 parking spaces.
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30 unit
1,225,000
80% Financing Available
181,380
6.75
Five-story brick apartment building with 27 studios and 3 1BR units. Right near the Waterbury town green and the old UConn Campus.
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16 unit
875,000
80% Financing Available
116,100
7.54
Completely renovated brick building with possible significant additional income for roof top signage rental. There are 6 studios, 8 1BR and 2 2BR units.
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21 unit
730,000
80% Financing Available
152,220
4.79
The two properties, 93 and 155 Robbins Street are frame apartment buildings consisting of 9 and 12 units and located directly across from Waterbury Hospital. These properties offer direct access to Intestate 84 and Route 8
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Retail Strip
7,500,000
Financing Available
737,232
10.17
Known as Mallview Plaza, this property consists of 12 tenants.  The building was built in 1987.  The property is anchored by a 10 screen independent movie theater.
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broker

Retail Strip
8,200,000
Financing Available
835,893
9.8
Known as Sunbeam Plaza, this property consists of 26 tenants.  The building was built in 1987 and is located within close proximity to Route 84.  There are four 1 and 2 story buildings.
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broker

29 unit
1,330,000
80% Financing Available
225,900
5.8
45,862
Property consists of 6 buildings with very large units.  Close to the highways.  Recent improvements include new hallways, security cameras and many units renovated.  There is 2 level garage on site.  Separate utilities.
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broker

346 unit
22,000,000
3,435,600
6.4
63,583
Property is known as Northwood and Villagewood Apartments.  182 units at Northwood and 164 units at Village wood.   155 units are gut rehabbed.  Tenants pay electricity.  Recent improvements include new windows, roofs, siding, exterior lighting and newly paved parking lots.
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broker

16 unit
725,000
90% Financing Available
105,600
6.86
45,312
This apartment building with  new roof has all 1BR units and is located a couple of blocks from the Town Green.  The building has a Section 8 contract.   
10% down with seller second
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West Haven
Retail Plaza
3,350,000
Financing Available
310,629
10.78
Busy Shopping Center / Office Plaza. 23,000 sq. ft. Solid tenancy with Dominos Pizza, Laundramat, NY Deli and others. Miracle Mile location with Sam's Club, Lowe's, Best Buy, Target, Circuit City all within a 1/4 mile.
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New London County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 Montville

Retail Center with 1 apt.
650,000
Financing Available
65,265
9.96
7-unit retail center plus separate 1-unit retail building with apartment on the 2nd floor.  Parking for 25 cars on .76 acre lot.  Many long term tenants.
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 Mystic
32 unit
2,500,000
80% Financing Available
251,600
9.94
32 unit efficiency apartment complex plus an office. Built in 1960 and situated on 3.65 acres.
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 New London
10 unit
599,000
80% Financing Available
88,155
6.79
59,900
Tenants pay all of their own utilities in this apartment building that consists of 1 3-br, 2 2-br, 6 1-br & 2 studios. The building includes many updates to the untis. The property is located close to Route 1, the ferry and it is a short hop to the Waterford town line and the malls.
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125 unit
7,700,000
80% Financing Available
994,380
7.74
61,600
Property consists of  2 separate apartment complexes.  They are both within close proximity to Mohegan Sun and Foxwoods, I-95, the Coast Guard Academy and Mitchell College.  Both complexes must sell together.
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broker

Rooming House
579,000
86,640
6.6
Totally remodeled 12 unit rooming house.  All units are leased to Fellowship House Ministries, which also pays rent for any vacant units.
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Office Bldg.
2,300,000
Financing Available
355,000
6.48
Four contiguous buildings/one integrated complex. Class A&B offices . Strategically located near Pfizer and Shaw's Cove Office Park. Easy access to I-95.
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31 unit
3,490,000
80% Financing Available
324,956
10.74
112,580
 
4-story brick apartment building with 8 studios, 16 1BR & 6 2BR units.  12 garages + 10 additional parking spaces.   New landscaping, rear patio, front portico, kitchens and common areas.  Newer Gas Boiler.
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12 unit
995,000
80% Financing Available
94,164
10.57
82,916
3-story brick apartment building with all 1BR units with balconies.  New landscaping, fence and roof.
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 Norwich
Commercial
1,600,000
Financing Available
195,000
8.21
3-story brick mixed-use building in very good condition. 43,000 square feet of living area, 100% occupied. Situated on 2.76 acre lot.
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7 unit
mixed-use
725,000
80% Financing Available
97,476
7.44
103,571
This parcel consists of two, Class A- office and five large 2 bedroom apartments with plenty off street parking. Brand new bottom level construction of a large 2-bedroom apartment and 1500 Sq. Ft. office has recently been completed.
The property consists of a long-term doctors office having about 1674 sq. ft. on the ground floor.
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15 unit
857,000
80% Financing Available
161,850
5.29
57,133
Property consists of two buildings.  Buildings were gut rehabbed in the mid 80's.   Within close proximity to the casinos.
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broker
Uncasville
No picture available
34 unit
3,050,000
80% Financing Available
328,600
9.28
89,705
34 residential units, all interiors remodeled but 6. Locatd approx. 1.5 miles from Mohegan Sun Resort Casino. Septic and city water. If you tie to city sewer about 2 acres will be freed up for additional development. Exterior grounds need some tlc for curb appeal.
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Windham County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Plainfield
14 unit
1,100,000
80% Financing Available
130,080
8.46
78,571
This property consists of 3 wood frame buildings located on 1.2 acres. The property
contains 3 1BR apartments, 3 2BR apartments, 4 2BR townhouses and 4 3BR units. Completely rented with ample parking, as well as, a garage on-site. Many capitol improvements include, but are not limited to, thermal pane windows and vinyl siding throughout all three buildings, 2 of the three roofs are brand new, newer driveway, almost all individual hot water tanks replaced, updated coin-op laundry, updated cabinets, as well as, updated kitchens.
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Litchfield County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
 Winsted
28 unit
1,490,000
80% Financing Available
227,988
53,214
6.54
Brick building has 21 1BR, 3 2BR & 4 fully leased storefronts.
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Middlesex County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Cromwell
10 unit
765,000
80% Financing Available
96,000
7.97
76,500

Unit mix includes 7 1-BR, 2 2-BR, and 1 3-BR unit, with 10 garage units on lower level. Renovated historic building, stable occupancy history. Adjacent 6-unit property is also available for sale @ $350,000.

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Tolland County
Town
Property Description
Asking Price
Gross Income
Gross Multiplier
PPU
Comments
Contact Broker
Willington


45 unit
3,800,000
80% Financing Available
463,140
8.2
84,444
Apartment complex is comprised of two 3-story frame buildings constructed in 1975. There are 10 1BR and 35 2BR units. All units have AC, ceiling fan in Master BR and balcony or patio. Laundry room in each bldg. Recent improvements include new roofs, exterior paint, parking lots, carpeting and appliances. Situated on 23 acres.
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