11/5/2024 – New Britain, CT – FOR IMMEDIATE RELEASE

Amodio & Co is pleased to announce the sale of 15-45 Elam Street, New Britain, CT. The 6 building, 56-unit brick complex known as Elam Court was built in 1967, renovated in recent years, and is comprised of all 1-bedroom units. Amenities include on-site laundry facilities, ample surface parking, and walking distance to park, restaurants, and shops.

The property traded hands for $4.8M ($85,714/unit). At time of sale, the property was fully leased yielding 6.3% going-in cap rate with below market rents.

The property benefits from strategic proximity to newly renovated Osgood Park, E.C. Goodwin Technical, CREC academy, Stanley Black & Decker world headquarters and direct highway access to I-84.

Eric Amodio, CCIM, MBA of Amodio & Co Real Estate represented the seller, Elam Gardens, LLC, as well as sourced the buyer, LYP Management, LLC.

Since 1919, Amodio & Co. Real Estate has assisted their clients in all aspects of real estate including brokerage, financing, management and development. Its team of experienced industry experts offers creative solutions for buyers, sellers, landlords and tenants to ensure their deal transacts properly. Amodio & Co provides expert advice and services with effective solutions to its real estate engagements. 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. Based in Farmington, CT, with a nationwide reach. 

11/1/2024 – Hartford, CT – For Immediate Release

Amodio & Co is pleased to announce the sale of 299 Washington Street, Hartford, CT. The 42-unit apartment complex features (19) 1-bedroom, (23) 2-bedroom apartments and on-site surface parking. The property offered the new owners a strategic acquisition located directly across from Connecticut Children’s Medical Center (CCMC) and Hartford Hospital. The asset traded for $3.8M ($90,476/unit), at time of sale yielding a going-in cap rate of 7.5%.

Eric Amodio, CCIM, MBA of Amodio & Co represented the seller, Washington Heights Apartments, LLC. Kevin Kenny of NAI Lexington Commercial represented the buyer, LAZ Investments, LLC. The step-brothers have many more brokerage deals in the pipeline together.

Since 1919, Amodio & Co. Real Estate has assisted their clients in all aspects of commercial real estate including brokerage, financing, management and development. Its team of experienced industry experts offers creative solutions for buyers, sellers, landlords and tenants to ensure their deal transacts properly. Amodio & Co provides expert advice and services with effective solutions to its real estate engagements. 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. Based in Farmington, CT, with a nationwide reach. 

10/1/2024 – For Immediate Release

Amodio & Co Real Estate is pleased to announce the signing of a long-term lease at 101 Pierpont Road, Waterbury, CT “The Pierpont” to The Peoples Place.

Located just east of downtown Waterbury, The Pierpont consists of three (3) buildings totaling 12,596 SF office space, sitting on 2.48 acres with ample surface parking.

According to their website, “The People’s Place is an incubator for economic growth and social change that connects organizers and entrepreneurs to development, technology and each other”. For their type of use The Pierpont had the room they needed to grow and prosper in the years ahead.

Frank Amodio, Sr. CCIM & Frank Amodio, Jr of Amodio & Co. represented both landlord and tenant in this transaction.

Since 1919, Amodio & Co. Real Estate has assisted their clients in all aspects of commerical real estate including brokerage, financing, management and development. Its team of experienced industry experts offers creative solutions for buyers, sellers, landlords and tenants to ensure their deal transacts properly. Amodio & Co provides expert advice and services with effective solutions to its real estate engagements. 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. Based in Farmington, CT, with a nationwide reach. 

July 17, 2024 – FOR IMMEDIATE RELEASE

Amodio & Co Real Estate is pleased to announce the $2.6 million sale of the 27,486 SF office building located at 560 Saw Mill Road, West Haven, CT to Connecticut headquartered, Xue Guang Wan. 

The office building was formerly an educational use and will, after extensive renovations become iSpa Haven, a high-end automated spa. The 2.36 acre property has 283’ frontage on I-95 with 107,900 ADT average daily traffic.

The building is adjacent to a busy commercial sector. Abundant parking is directly adjacent to the building with walking distance to restaurants, lodging, park recreation, retail, etc. Situated just southwest of New Haven (pop. 124,000) and numerous cultural resources like Yale’s Art Gallery, museums, libraries and theaters. Within commuting distance to Hartford (42 miles), New York City (78 miles), and Boston (141 miles) by car, bus, or train.

Frank Amodio, Sr., CCIM of Amodio & Co Real Estate represented the seller, Oyster River Realty, LLC in this transaction. According to Frank Amodio, Sr., CCIM, “Amodio used comprehensive and unique marketing to generate extensive interest in the property with scores of inquiries and eight all-cash offers.” 

Since 1919, Amodio & Co. Real Estate has assisted their clients in all aspects of commerical real estate including brokerage, financing, management and development. Its team of experienced industry experts offers creative solutions for buyers, sellers, landlords and tenants to ensure their deal transacts properly. Amodio & Co provides expert advice and services with effective solutions to its real estate engagements. 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. Based in Farmington, CT, with a nationwide reach. 

5/1/24

Amodio & Co announces the sale of 16 residential condominium units, sold as a package. 14 of the units were located at 47 Sumner Street, Hartford “Sumnerwood Condos” and 2 of the units located nearby at 16 Townley Street, Hartford “Townley Street Condos”. The deal traded for $940,000 or $58,750 per unit. At the time of sale, all but two units were rented. The new owner is a local investor planning upgrades & interior unit renovations on turnover. Eric Amodio, CCIM of Amodio & Co represented both buyer and seller in this transaction.

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.

3/1/2024 – For Immediate Release

Amodio & Co is pleased to announce the signing of 4,800 sf flex space at 336 South Washington Street, Plainville. Frank Amodio, Jr represented the tenant, Stylz Masonry & Chimney, LLC of Terryville. The property features 2,400 sf front offices & showroom, with an additional 2,400 sf warehouse and outdoor storage area. Eric Amodio, CCIM represented the landlord, Martin Family Trust.

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.

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’s CRE market.

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.

1/29/24 – For Immediate Release

Amodio & Co complete lease-up of last remaining vacancy at 200 Mountain Road, Farmington by signing The National Republican Congressional Committee (NRCC) to the tenant roster. NRCC leased 1,374 sf on the first floor of 200 Mountain Road, at the “Five Corners” intersection of Route 6 and Fienemann Road.

Eric Amodio, CCIM of Amodio & Co represented the landlord, 200 Mountain Rd, LLC and Joe Capodiferro, New England Realty Advisors, represented the tenant.

Amodio & Co represented both sides of the sale/acquisition of 200 Mountain Road in November 2019 and has since been retained by ownership for ongoing leasing services. http://amodio.com/amodio-co-sells-farmington-office-investment-735000/

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.

1/26/24

Amodio & Co is pleased to announce the signing of a long-term lease for the Connecticut Bar Association (CBA). CBA will occupy 8,364 sf on the top floor of 538 Preston Avenue, Meriden, CT. Build-out of the space is expected to begin shortly. Amodio represented the CT Bar Association and CBRE represented the landlord.

Amodio previously represented the CBA in their disposition of former headquarters building located at 30 Bank Street, New Britain. The former property did not match the organization’s needs and space requirements. The new owners of 30 Bank Street plan a conversion to 32 market rate apartment rentals.

Amodio has completed several other office-to-residential conversion projects including the sale of former Stanley Black and Decker offices at 480 Myrtle Street, New Britain. This project is in process, slated for 100+ market rate units. In addition, Amodio & Co has 621 Farmington Avenue, Hartford available for a similar office-to-apartment conversion opportunity.

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.