160 Main St New Britain, CT 06051
2
Beds
14
Baths
1,275
Sq Ft
4,356
Sq Ft Lot Lot
About This Home
The Rao Building is a high-end, mixed-use property in the vibrant heart of downtown New Britain, featuring upscale living with modern amenities. This newly restored five-story building comprises 14 diverse units, including one-bedroom, two-bedroom, and three-bedroom apartments. Additionally, there is currently a liquor store that also sells food & snacks on the first floor of the building. The building offers premium features such as vaulted ceilings, hardwood floors, fireplaces, and stainless-steel appliances, enhancing tenant appeal and lifestyle. The Rao's location is prime, near economic centers and accessible via major routes, bolstering its attractiveness to young professionals.
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Closed on
Sep 3, 2024
Sold by
Rao Building Llc
Bought by
Toc Rao Llc
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,300,000
Outstanding Balance
$2,262,810
Interest Rate
6.78%
Mortgage Type
Purchase Money Mortgage
Purchase Details
Closed on
Aug 22, 2007
Sold by
Connecticut State Of
Bought by
New Britain City Of
Purchase Details
Closed on
Mar 21, 2007
Sold by
New Britain City Of
Bought by
Akk 6 Llc
Purchase Details
Closed on
Oct 30, 1998
Sold by
Rao Joseph A and Rao Santina M
Bought by
Amercian Sb
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Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Toc Rao Llc | $1,920,000 | None Available | |
| Toc Rao Llc | $1,920,000 | None Available | |
| New Britain City Of | -- | -- | |
| New Britain City Of | -- | -- | |
| Akk 6 Llc | -- | -- | |
| Akk 6 Llc | -- | -- | |
| Amercian Sb | $79,900 | -- | |
| Amercian Sb | $79,900 | -- |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Toc Rao Llc | $2,300,000 | |
| Closed | Toc Rao Llc | $2,300,000 | |
| Previous Owner | Amercian Sb | $3,120,000 | |
| Previous Owner | Amercian Sb | $230,000 |
Source: Public Records
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/10/2025 09/10/25 | Off Market | $1,600 | -- | -- |
| 08/10/2025 08/10/25 | Price Changed | $1,600 | +4.9% | $3 / Sq Ft |
| 07/21/2025 07/21/25 | For Rent | $1,525 | 0.0% | -- |
| 07/05/2025 07/05/25 | Off Market | $1,525 | -- | -- |
| 03/07/2025 03/07/25 | Price Changed | $1,525 | +13.0% | $3 / Sq Ft |
| 02/18/2025 02/18/25 | Price Changed | $1,350 | -11.5% | $2 / Sq Ft |
| 01/14/2025 01/14/25 | Price Changed | $1,525 | -4.7% | $3 / Sq Ft |
| 01/13/2025 01/13/25 | For Rent | $1,600 | -- | -- |
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $53,269 | $1,270,430 | $72,380 | $1,198,050 |
| 2024 | $50,296 | $1,270,430 | $72,380 | $1,198,050 |
| 2023 | $48,632 | $1,270,430 | $72,380 | $1,198,050 |
| 2022 | $37,082 | $749,140 | $63,490 | $685,650 |
| 2021 | $37,082 | $749,140 | $63,490 | $685,650 |
| 2020 | $37,832 | $749,140 | $63,490 | $685,650 |
| 2019 | $0 | $749,140 | $63,490 | $685,650 |
| 2018 | $0 | $749,140 | $63,490 | $685,650 |
| 2017 | $0 | $703,850 | $60,480 | $643,370 |
| 2016 | -- | $703,850 | $60,480 | $643,370 |
| 2015 | -- | $616,420 | $60,480 | $555,940 |
| 2014 | -- | $573,230 | $60,480 | $512,750 |
Source: Public Records
Map
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