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New Britain Building Fetches $1.3M

October 26, 2016 | Reprints | Unlock Link | Print

Amodio & Co. has announced that the building at 240 East Main St. in New Britain has sold for $1.3 million.

The fractured portfolio sale included 29 of 38 total condominium units, 28 residential units and one commercial unit. At the time of the sale, the property was fully leased and traded at a 9.3 percent cap.

Eric Amodio of Amodio & Co. represented both buyer and seller in the transaction.