Renovated Apartments with Expansion
For Sale
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1030 Federal Rd, Brookfield, CT 06804
Brookfield apartments with approved expansion for 15 units.
Property Size15,804 SF
Price / SF$553.66
Days on Market796
Property Features for 1030 Federal Rd
General Information
Standard status
Active
Size
15,804 SF
Class
B
Property subtype
Multifamily
Occupancy
100%
Investment Type
Core+
Net Operating Income
$298,711
Building Details
Year Built
1968
Year Renovated
2024
Buildings
5
Units
34
Listing Agency:
Tower Realty Corporation
Listed By:
Joe Dimyan · License #CT 0811098
(203) 775-5000
Source:
Crexi
Added: Jul 4, 2024
Changed: Sep 3
Last Checked: Sep 7 at 10:05AM
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
Investment Insights
Based on property information with market context.
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.
Key Highlights
- 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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
108
Businesses Nearby
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Business Placement
Demographics for 06804, CT
17,748
Population
7,063
Households
2.5
Avg Household Size
45
Median Age
54%
College-Educated
96%
High-School Grad
20.0 sq mi
ZIP Area
887
Density / Sq Mi
$142,826
Median Household Income
$62,227
Median Earnings
$1,920
Median Rent
$452,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
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.
