Amodio Closes on Hartford Multi-Tenant Mixed-Use Investment

 
· Closing Announcements

3/1/2024 – For Immediate Release

Amodio & Co are pleased to announce the sale of 554 Wethersfield Avenue in Hartford’s South End. The +/- 14,000 sf mixed-use building comprised of 5 residential apartments and 3 retail storefronts. At the time of sale, the property was fully leased. The property sold to a local investor with plans to add additional apartments above a section of single story retail, and to possibly build additional rental space on the rear open space. Eric Amodio, CCIM represented both buyer and seller in the $800,000 deal; 14% cap on current NOI.

Since 1919, Amodio & Co has owned, developed, & brokered nearly every property type, bringing extensive experience to our clients. We offer creative solutions to ensure your deal happens and is done right. Put the power of a CCIM globally designated professional on your team and let our award-winning firm assist in navigating today‚Äôs CRE market.