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New Britain Property Sells For $875K

January 11, 2016 | Reprints | Unlock Link | Print

A three-story mixed-use New Britain property has sold for $875,000.

The 29,948-square-foot property at 27-39 Main St. contains retail tenants, billboard income and on-site parking. The top two floors are vacant. The buyer, Masuda Putnam LLC, plans on turning those floors into New York-style artist loft spaces and a Japanese cultural center.

Eric Amodio of Amodio & Co. represented the seller, 27-39 Main Street LLC, and Frank Amodio of Amodio & Co. represented the buyer. The sale was part of a 1031 tax deferred exchange.