NOT LISTED FOR SALE

57 Whiting St New Britain, CT 06051

Estimated Value: $1,624,674

-- Bed
15 Baths
65,284 Sq Ft
$25/Sq Ft Est. Value

Last Sold October 10, 2017

Last sale price $1,450,000 $22 Per Sq Ft

Est. 12% increase in value since last sale

Current estimated payment $12,023/month

2 Days on Market

About This Home

As of October 2017

The Cozzi Team of Berkshire Hathaway Commercial is proud to present the offering of 27 units on Glen and Whiting in New Britain, CT. This asset was gut rehabbed 5 years ago, including lead abatement. The asset is brick and there is a parking lot behind the asset. There are two adjacent buildings with a shared parking lot. One of the buildings is 26,270 SF with 21 units and the other building is 6,372SF with 6 units. Six of the units are retail and are all rented. The unit mix of the apartments is 13, 3 bedrooms and 8, 2 bedroom units. In 2011 the roof, windows and boiler in the bigger building were replaced.

An additional 11 units can be acquired with Whiting and Glen. Clark Street is a 7,137 SF brick building built in 1912.There are 6 units with tenant paid heat. The unit mix is 10, 1 bedroom and 1, 3 bedroom. The parking lot has room for 6 cars.

Last Agent to Sell the Property

Lisa Cozzi

Century 21 AllPoints Realty License #REB.0789668 Listed on: 10/08/2017

Century 21 AllPoints Realty

Last Buyer's Agent

Lisa Cozzi

Century 21 AllPoints Realty License #REB.0789668 Listed on: 10/08/2017

Century 21 AllPoints Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $38,795

Year Built

  • 1924

Lot Details

  • 0.32

Parking

  • Parking Lot

Home Design

  • Brick Exterior Construction
  • Masonry Siding

Additional Features

  • 0.32 Acre Lot
  • Heating System Uses Gas
  • Unfinished Basement

Community Details

  • 27 Units

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$38,795

Year Built

1924

Lot Details

0

Listing Details

  • Property Type: Multi-Family For Sale
  • Sq Ft Est Heated Above Grade: 32642
  • Sq Ft Est Heated Below Grade: 32642
  • Total Sq Ft: 65284
  • Property Sub Type: 5 Family+
  • Special Features: None
  • Year Built: 1924

Interior Features

  • Basement Description: Unfinished

Exterior Features

  • Exterior Siding: Brick
  • Construction Description: Brick

Garage/Parking

  • Garage Parking Info: Parking Lot

Utilities

  • Heat Type: Gas On Gas
  • Water Source: Public Water Connected
  • Sewer: Public Sewer Connected

Schools

  • Elementary School: Northend
  • High School: New Britain

Lot Info

  • Acres: 0.3200
  • Lot Description: N/A
  • Zoning: B3

Tax Info

  • Tax Year: July 2017-June 2018
  • Property Tax: 38795
  • Total Assessed Value: 768250
  • Mil Rate Total: 49.000

Multi Family

  • Total Num Of Units: 27

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 21, 2021
Sold by
Agora Capital Llc
Bought by
57 Whiting St Llc
Total Days on Market
2
Current Estimated Value
$1,624,674

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,045,000
Outstanding Balance
$961,176
Interest Rate
2.8%
Mortgage Type
Purchase Money Mortgage
Estimated Equity
$663,498

Purchase Details

Closed on
May 17, 2018
Sold by
Glen Whiting Llc
Bought by
Agora Capital Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$571,108
Interest Rate
4.4%
Mortgage Type
Purchase Money Mortgage

Purchase Details

Closed on
Dec 30, 2010
Sold by
City Nb
Bought by
Glen Whiting Llc

Purchase Details

Closed on
Jun 18, 1997
Sold by
Ocwen Federal Bank
Bought by
Rainaldi Sandra L

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
May 28, 1997
Sold by
Pastoral Counseling
Bought by
Savings Bank Of Manche

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$55,000
Interest Rate
7.87%
Mortgage Type
Commercial

Purchase Details

Closed on
Jun 1, 1994
Sold by
Sj Fish & Sons
Bought by
Jette Gregory and Jette Rosalyn

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$191,900
Interest Rate
3.5%
Mortgage Type
Commercial
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
57 Whiting St Llc $1,275,000 None Available
Agora Capital Llc $713,885 --
Glen Whiting Llc -- --
City Nb -- --
Rainaldi Sandra L $84,000 --
Savings Bank Of Manche $86,000 --
Jette Gregory $239,900 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 57 Whiting St Llc $1,045,000
Previous Owner Agora Capital Llc $1,826,839
Previous Owner Agora Capital Llc $571,108
Previous Owner Jette Gregory $55,000
Previous Owner Jette Gregory $191,900
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
10/10/2017 10/10/17 Sold $1,450,000 -23.7% $22 / Sq Ft
10/08/2017 10/08/17 For Sale $1,900,000 -- $29 / Sq Ft
Source: SmartMLS

Tax History Compared to Growth

Source: Public Records

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
2024 $34,832 $879,830 $31,150 $848,680
2023 $33,680 $879,830 $31,150 $848,680
2022 $30,825 $622,720 $27,370 $595,350
2021 $30,825 $622,720 $27,370 $595,350
2020 $31,447 $622,720 $27,370 $595,350
2019 $31,447 $622,720 $27,370 $595,350
2018 $31,447 $622,720 $27,370 $595,350
2017 $30,578 $605,500 $26,040 $579,460
2016 $30,578 $605,500 $26,040 $579,460
2015 $29,670 $605,500 $26,040 $579,460
2014 $29,670 $605,500 $26,040 $579,460
Source: Public Records

Agents Affiliated with this Home

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Map

Source: SmartMLS

MLS Number: 170022699

SmartMLS

APN: NBRI-000009B-000000-C000072