2/23/2024 – For Immediate Release
Amodio & Co facilited the sale of another office-to-apartment conversion opportunity at 621 Farmington Avenue, Hartford, CT. The +/- 23,000 class C office property suffered from high vacancy and deferred maintenance. Given the state of office demand, the highest & best use would be achieved as a multi-unit residential use, especially given the close proximity to desirable West Hartford Center and ample on-site parking. Eric Amodio, CCIM of Amodio & Co represented both buyer & seller in the sale. The approximately 23,000 sf property closed for $700,000 to a local investor.
Amodio has completed the sales of several other office-to-residential conversion projects including the former Stanley Black & Decker offices at 480 Myrtle Street, New Britain, as well as the former headquarters of the Connecticut Bar Association at 30 Bank Street, New Britain.
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’s CRE market.