1030 Federal Rd Brookfield, CT 6804
Brookfield apartments with approved expansion for 15 units.
Type:Multifamily
Property size:
15,804 SFPrice / SF:
$553/SF- Added:
- Jul 4, 2024
- Days on Market:
- 660
- Last Refresh:
- Mar 19 at 8:54 pm
Property Features for 1030 Federal Rd
General Information
- Standard status
- Active
- Size
- 15,804 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1968
Listing agent Joe Dimyan License #CT 0811098
Listing office Tower Realty Corporation
Listing date Jul 4, 2024
Source Crexi
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 Tower Realty Corporation
Overview
Renovated Apartments with Expansion Potential
The Newbury Apartments, located at 1030 Federal Road in Brookfield, Connecticut, comprise two buildings totaling approximately 15,804 square feet. The property features 20 residential units, consisting of 17 one-bedroom and 3 two-bedroom apartments, all of which were completely renovated in 2024. The apartments have spacious layouts with new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting. Ample on-site parking is available for residents in the recently paved and striped parking lot. A significant value-add component is the approved development of 15 additional one-bedroom apartments, along with plans for a pool, pool house, and fitness area. This expansion provides a substantial opportunity to increase rental income and overall property value. The property is ideally located along Federal Road (Route 7), near the Four Corners area of Brookfield and the New Milford line. The location is surrounded by a wide range of retail, restaurants, and daily amenities, including a recently developed food emporium and retail corridor, providing convenient access to major shopping destinations and regional roadways. The property is intended for residential income purposes.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
TLC
Apartment Building
Newbury Inn Hotel
Hotel & Motel
Location Insight
- Map
- Local Demand
- City
- Brookfield
- County
- Fairfield
- State
- Connecticut
- Longitude
- -73.4184118
- Latitude
- 41.4961244
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FAQs
What type of property is this?
Apartment building - Brookfield apartments with approved expansion for 15 units.
Where is this apartment building located?
The property is located at 1030 Federal Rd Brookfield, CT.
What is the asking price?
The asking price for this property is $8,750,000.
What are key features of this property?
This property features: Completely renovated in 2024, featuring new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting.; Approved development of 15 additional one‑bedroom apartments, providing a significant opportunity to increase rental income and property value.; Plans for a pool, pool house, and fitness area, enhancing resident amenities.
