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Property profile & analytics
OFF-MARKET
Apartment buildings
46 Grn St Middletown, CT 06457-2778
Entity Owned
4-yr Hold
Property ID
US15-0110537
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Construction
FRAME
Total area
3,569 SF
Lot
0.12 ac (5,227 SF)
Zoning code
B-1
APN
MTWN M:22 L:0217
UPID
US15-0110537
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
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
Happy Neighborhood LLC · 4 yrs held
Happy Neighborhood LLC
since 2021
Last sale
$210,000
7 recorded transactions
Zoning & alternative use
B-1 · Middletown, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parcel Size: Three acres minimum (may include primary and secondary parcels). Frontage: Sufficient to provide safe access. Building Coverage: 40%…
Zone name
Central Business
General category
COMMERCIAL
Zone area
93.15 ac
Source
Zoning Code
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 Middletown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middletown 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 2023Property tax & assessments
Tax year 2023
Tax billed
$6,662
Tax year 2023
Assessed value
$189,800
Assessed 2023
Previous assessed
$189,800
+0.0% YoY
Effective rate
3.51%
On assessed value
Assessed land
$98,530
Assessed improvement
$91,270
Applied tax rate
250.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Off-Market
Year built
1900
Construction
FRAME
Heating
BASEBOARD
Buildings
1
Stories
2
Units
5
Total area
3,569 SF
Lot
0.12 ac (5,227 SF)
Zoning code
B-1
APN
MTWN M:22 L:0217
UPID
US15-0110537
Jurisdiction
MIDDLETOWN
Zoning & alternative use
B-1 · Middletown, CTZoning B-1 · permitted uses
B-1 · Middletown, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
for the B-1 Zone, which shall be as required in accordance with the zoning codes for the underlying Zone, the following bulk requirements are deemed to be the minimum allowable in the Redevelopment Design District. Parcel Size: Three acres minimum (may include primary and secondary parcels). Frontage: Sufficient to provide safe access. Building Coverage: 40% maximum but may be increased to 70% if structured parking is provided; however Impervious Coverage: 70% maximum including all impervious surface area; however, this standard shall not be applicable to the
Zone name
Central Business
General category
COMMERCIAL
Zone area
93.15 ac
Source
Zoning Code
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
BASEBOARD
Stories
2
Buildings
1
Units
5
Lot
0.12 ac
Current owner
From public records · entity-resolved
Happy Neighborhood LLC
Entity
Mailing address
158 WESTMEADOW RD, ROCKY HILL, CT 06067-1040
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 3, 2022
—
Happy Neighborhood LLC
—
Deed
related
$250,500 · Silver Hill Funding
Sep 15, 2021
$210,000
Happy Neighborhood LLC
Pura Realty Mgmt LLC
Warranty Deed
$232,100 · Loan Funder LLC
Sep 17, 2010
$75,000
Pura Realty Mgmt LLC
Us Bk
Warranty Deed
—
Sep 17, 2010
$1
Us Bk
Suntrust Mortgage INC
Grant Deed
—
Mar 9, 2010
$1
Us Bk
Suntrust Mortgage INC
Grant Deed
—
Feb 2, 2010
—
Suntrust Mortgage INC
Andruk,scoitt A
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Jan 5, 2006
$260,000
Scott A Andruk
George Lynch
Warranty Deed
$195,000 · Suntrust Mtg Corp
Jan 4, 2005
$185,000
George Lynch
Fontanez,jose
Warranty Deed
$166,500 · Mortgage Lender Net
Jan 4, 2005
—
George Lynch
—
Deed Of Trust
related
$20,000 · Zenon Grzybowski
Aug 28, 1991
—
Jose I Fontanez
—
Deed Of Trust
related
$92,500 · Greentree Mortgage Co
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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