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Property profile & analytics
FOR SALE
Apartment buildings
1030 Federal Rd Brookfield, CT 06804
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US15-0755033
For Sale
1 / 30
$8,750,000
1030 Federal Rd, Brookfield, CT 06804
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Property summary
AI-generated overview
This exceptional multifamily investment opportunity presents a fully leased, 20-unit apartment building situated on a 4.47-acre lot in Brookfield, Connecticut's desirable Four Corners area. The property, boasting 15,804 square feet, comprises two buildings recently renovated in 2024. The renovation included new flooring, fresh paint, granite countertops, stainless steel appliances, and updated lighting throughout all 17 one-bedroom and 3 two-bedroom units. Ample parking is available, enhanced by a recently paved parking lot. The property enjoys a 100% occupancy rate, generating a strong net operating income (NOI) of $322,832 and a 5.38% cap rate at an asking price of $6,000,000. City water and sewer services are available. Further development potential exists, with approvals already in place for an additional 14 units, along with a swimming pool, pool house, and fitness center. The convenient location near shops, restaurants, and a new food emporium adds to the property's appeal. This is a rare chance to acquire a high-performing, well-maintained asset with significant upside potential in a thriving Connecticut market. The property is located at 1030 Federal Rd, Brookfield, CT 06804, in Fairfield County.
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Lot
4.47 ac (194,713 SF)
Zoning code
C-GN
APN
BROO M:C04 L:010
UPID
US15-0755033
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
TLC Apartment Building
-
Newbury Inn Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
3 Spro Associates LLC · 10 yrs held
3 Spro Associates LLC
since 2015
5 recorded transactions
Zoning & alternative use
C-GN · Brookfield, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Brookfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Brookfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$41,113
Tax year 2024
Assessed value
$1,473,580
Assessed 2024
Previous assessed
$1,473,580
+0.0% YoY
Effective rate
2.79%
On assessed value
Assessed land
$667,220
Assessed improvement
$806,360
Applied tax rate
118.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Heating
NONE
Cooling
YES
Buildings
2
Units
14
Lot
4.47 ac (194,713 SF)
Zoning code
C-GN
APN
BROO M:C04 L:010
UPID
US15-0755033
Jurisdiction
BROOKFIELD
Zoning & alternative use
C-GN · Brookfield, CT
Zoning C-GN · permitted uses
C-GN · Brookfield, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Brookfield. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
14
Lot
4.47 ac
Current owner
From public records · entity-resolved
3 Spro Associates LLC
Entity
Free & Clear · 10 yrs held
Mailing address
30 GERMANTOWN RD, DANBURY, CT 06810-5033
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Lad Numero Duo LLC
—
Deed
related
$2,650,000 · Union Savings Bank
May 18, 2022
—
Lad Numero Duo LLC
—
Deed
related
—
Jul 14, 2015
—
3 Spro Associates LLC
Sproviero,louis & Joseph
Quit Claim Deed
related
—
Apr 10, 1991
—
Luciano Sproviero
—
Deed Of Trust
related
$400,000 · Candlewood Bk & Tr Co
Jan 9, 1989
—
Luciano Sproviero
—
Deed Of Trust
related
$100,000 · Zwi Kohorn
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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