FOR IMMEDIATE RELEASE

Friday November 15, 2019

Sale Price: $310,000

12-14 Lincoln Street, New Britain, CT

Amodio & Co represented buyer and seller in the sale of 12-14 Lincoln Street, New Britain, CT. This 4-unit multifamily asset features a low maintenance brick exterior, newly renovated apartments and stainless steel appliances throughout. The fully leased and properly renovated property make for a true turnkey investment opportunity. The unit mix is made up of (2) two-bedroom and (2) three-bedroom apartment units with above market rent income. The property has been improved with nicely appointed unit interior upgrades, IP camera system accessible via smartphone, newer replacement windows, new hot water heaters and heat systems and central fire alarm system.

FOR IMMEDIATE RELEASE
Thursday November 7, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Sells Farmington, CT Office Investment for $735,000

Amodio & Co represented both buyer and seller in the exchange of 200 Mountain Road, Farmington, CT. The 6,750 square foot multi-tenant office building built in 2001 was 80% leased at time of sale. Tenants include:  Family Dental Care of Farmington, Pediatric Associates of Farmington and Pennell Wealth Advisors. This pristine office asset is centrally located with direct highway access to I-84, on the heavily trafficked “Five Corners” intersection. The property traded for $735,000 – 5.3% cap rate on current income. Amodio & Co was retained by the new ownership to lease the last vacancy.

Amodio & Co. Real Estate is a boutique commercial investment real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

FOR IMMEDIATE RELEASE – October 12, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Brokers Connecticut Furriers Building in Downtown New Britain, CT

The property at 111 West Main Street, New Britain features 10,804 sf of retail, warehouse and cold storage vault space, demised into 3 retail storefronts. At the time of sale the building was vacant aside from one small retail tenant. The sale closed for $275,000 or $25.45/sf. Eric Amodio, MBA, CCIM represented the seller Sitilides Realty, LLC.

Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

FOR IMMEDIATE RELEASE
July 9, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Negotiates Three More Industrial Leases in Windsor Locks Totaling 20,688 sf.

Amodio & Co adds another 20,688 SF to previously completed lease of 15,551 sf to Allstate Power Vac, Inc. with three additional tenants: RIMARK Manufacturing, Colt Express, and Contractors Home Appliance.

RIMARK Manufacturing, a rapid design and manufacturer serving the aerospace industry, executed a long term deal occupying 3,283 sf for their relocation from East Granby, CT.

Colt Express entered into a lease of 11,700 sf for their logistics and distribution business. In addition to storage and office, the space will also house a retail location open to the public for merchandise sales of returned items from their distribution customers, namely Wayfair.com.

Contractors Home Appliance signs deal for 5,705 sf for the relocation of their appliance business. Space will be used for storage and distribution.

Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

FOR IMMEDIATE RELEASE
July 7, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Trades 39-Unit Mixed Use Deal in New Britain, CT – $2,307,500, 5.6% Cap

Eric Amodio, CCIM, MBA of Amodio & Co exclusively represented Main Street Holdings, LLC in the sale of 292-300 Main Street, New Britain, CT. The five-story 39-unit mixed use property is comprised of 35 residential apartments and 4 commercial retail storefronts. The deal also transacted with approvals in place for construction of an additional 18 apartment units in the currently vacant second floor and first floor rear. The property transacted for $2,307,500, or 5.6% cap rate on existing NOI. The new owners are encouraged by the systemic improvements happening in New Britain and look forward to adding 18 additional new units to the rent roll, amongst other upgrades.

Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio, CCIM, MBA of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

FOR IMMEDIATE RELEASE

Friday May 31, 2019

Amodio & Co Real Estate is pleased to announce the value-add sale of six (6) condo units at 2100 Stanley Street, New Britain, CT to local landlord Whiting Street Associates, adding to their growing portfolio in this building. The sale closed for $270,000; $45,000 per unit.

Frank Shank and Eric Amodio, CCIM, MBA of Amodio & Co Real Estate served as sole brokers in this transaction representing buyer and seller.

Amodio & Co. Real Estate is a commercial real estate firm, handling all aspects of real estate including brokerage, financing, and development of commercial property.

FOR IMMEDIATE RELEASE

Friday April 26, 2019

Amodio & Co Real Estate is pleased to announce the lease of 5,361 SF of Class A office space at 480 Myrtle Street, New Britain, CT to New Britain not-for-profit, CCARC, Inc. Founded in 1952, CCARC, Inc. offers an array of services to support adults with intellectual disabilities and their families. Headquartered at 950 Slater Road in New Britain, this in-city expansion will assist in CCARC’s growing program offerings to the local communities they serve. Target move-in date of July 1^st following tenant fit-out construction.

Frank Amodio, CCIM and Eric Amodio, CCIM, MBA of Amodio & Co Real Estate served as sole brokers in this transaction representing tenant and landlord, 480 Myrtle Street, LLC.

Amodio & Co also brokered the sale of 480 Myrtle Street in Q4 2018 and was retained as exclusive advisor tasked with the property’s lease-up. 480 Myrtle boasts a full commercial kitchen & cafeteria in the lower level (available for lease), impressive data capabilities, multiple standby back-up generators, abundant parking and direct highway access. Please contact our office for information on additional available space. 

Amodio & Co. Real Estate is a commercial real estate firm, handling all aspects of real estate including brokerage, financing, and development of commercial property.

FOR IMMEDIATE RELEASE
February 8, 2018

CLOSING ANNOUNCEMENT: 4 Unit Multifamily Trades in New Britain, CT – $280,000

Amodio & Co represented both buyer and seller in the sale of a 4-unit multifamily property at 52 Lawlor Street in New Britain, CT. The property closed for $280,000 / $70,000 per unit.

Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.

FOR IMMEDIATE RELEASE
January 7, 2019

CLOSING ANNOUNCEMENT: Amodio & Co Signs The Village to 145 Whiting Street

Amodio & Co Real Estate completes the multi-year lease of approximately 4,000 SF of office space to The Village for Families and Children at 145 Whiting Street, New Britain, CT.

Eric Amodio, CCIM of Amodio & Co Real Estate represented the landlord, Whiting Street Associates, LLC in the transaction.

The Village, founded in 1809, was one of the first agencies in the country to provide homes for neglected children. Over 200 years later, The Village continues to help vulnerable children and at-risk families throughout the Greater Hartford region – over 8,000 each year.

We fulfill this mission by providing a full range of behavioral health treatment and support services for children, families and adults – including parenting education classes, outpatient mental health therapy, substance abuse treatment, and foster care and adoption – which help them achieve real and meaningful change in their lives.

Amodio & Co. Real Estate is a commercial real estate firm, which handles all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone at 860-674-8908.

FOR IMMEDIATE RELEASE
October 31, 2018

CLOSING ANNOUNCEMENT: 16 Unit Multifamily Trades in Meriden, CT – $675,000

Amodio & Co represented the seller in the sale of a 16-unit multifamily property at 13-15 Cooke Avenue in downtown Meriden, CT. The property closed for $675,000 / $42,000 per unit.

Amodio & Co. Real Estate is a boutique commercial real estate firm, handling all aspects of real estate including brokerage, development, and management of commercial property in Connecticut.

For further information, please contact Eric Amodio of Amodio & Co. Real Estate via email at eric@amodio.com or telephone 860.674.8908.