Mixed-Use Retail and
629-641 Park Street Hartford, CT 06106
New
For Sale
$1,750,000
Two adjacent mixed-use buildings include apartments and street-level commercial storefronts plus a dedicated on-site parking lot.
Property Size11,800 SF
Price / SF$148.31
Days on Market5
Property Features for 629-641 Park Street
General Information
- Standard status
- Active
- Size
- 11,800 SF
- Property subtype
- 5 Family+
Building Details
- Year Built
- 1910
Listing Agency:
Brass Moon Realty
(917) 974-6356
Listed By:
Ben Weinberg · License #RES.0813934
(917) 974-6356
Source:
Iverty
Added: Jul 21
Changed: Jul 24
Last Checked: Jul 24 at 1:39PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Brass Moon Realty
Investment Insights
Based on property information with market context.
This for-sale portfolio combines two adjacent mixed-use buildings at 629-633 and 637-641 Park Street. The property provides 11 income-producing units total, including 8 residential apartments and 3 street-level commercial storefronts. A dedicated on-site parking lot is included, supporting both the residential tenants and the commercial operations.
The commercial storefront spaces benefit from visibility and frontage along Park Street. The asset is positioned for convenient access to downtown Hartford, public transportation, I-84, shopping, restaurants, and neighborhood amenities.
Offered as one portfolio, the buildings create a diversified income mix between residential and commercial tenants, with the combined configuration designed to support ongoing cash flow through multiple revenue streams.
The commercial storefront spaces benefit from visibility and frontage along Park Street. The asset is positioned for convenient access to downtown Hartford, public transportation, I-84, shopping, restaurants, and neighborhood amenities.
Offered as one portfolio, the buildings create a diversified income mix between residential and commercial tenants, with the combined configuration designed to support ongoing cash flow through multiple revenue streams.
Key Highlights
- Two adjacent mixed‑use buildings offered as one portfolio at 629‑633 and 637‑641 Park Street, Hartford (built 1910)
- 11 total income‑producing units: 8 residential apartments and 3 street‑level commercial storefronts
- Dedicated on‑site parking lot serving residents and commercial tenants
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $307.3k | $26.04 |
| − Vacancy | −$17.8k | −$1.51 |
| EGI | $289.5k | $24.53 |
| − OpEx | −$130.3k | −$11.04 |
| NOI | $159.2k | $13.49 |
11,800 SF · lease $26.04/SF/yr · vacancy 5.80% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$2.27M
$1.99M – $2.65M
NOI $159,198 @ 7.0% cap · market cap 9.10%
Second Best
Mixed Use
$2.15M
$1.88M – $2.51M
NOI $150,450 @ 7.0% cap · market cap 8.60%
Theoretical Best
Office A
$3.52M
$3.08M – $4.10M
NOI $246,207 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Mixed-use property - Two adjacent mixed-use buildings include apartments and street-level commercial storefronts plus a dedicated on-site parking lot.
Where is this mixed-use property located?
The property is located at 629-641 Park Street Hartford, CT.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Two adjacent mixed‑use buildings offered as one portfolio at 629‑633 and 637‑641 Park Street, Hartford (built 1910); 11 total income‑producing units: 8 residential apartments and 3 street‑level commercial storefronts; Dedicated on‑site parking lot serving residents and commercial tenants
