Glenn Russo - Commercial Real Estate Showcase

Glenn Russo Property Listings
President & Managing Principal
Landmark Investment Group
Suite 320
Middletown, CT 06457-7558

532 Newfield Street

Middletown, CT 06457-1855 - Cromwell/Middletown MF Submarket

Property Type:Multi-Family Number of Units:396 Status:Proposed Year Built:2019
Stories:3 Building Size:465,490 SF Land Area:40 AC (1,742,400 SF)
For Sale Price:$68,981,000 Price/Unit:$174,194.44 Cap Rate:7.43 % GRM:-

Parking:1.27 Parking Spaces / 1,000 SF

Sale Notes:
Newfield Apartments consists of 45 acres approved for 396-unit luxury, garden-style apartments in 16 buildings, a heated swimming pool and clubhouse.

Unit Mix: The Property consists of 396 units, of which 174 units (44%) are one bedroom units and 222 units (56%) are two-bedroom units.

Parking: Surface parking spaces (1.5 spaces per unit)

Landmark Investment Group
Glenn Russo
(860) 613-0751

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