Your Trusted Valley Real Estate Expert
Serving Connecticut with a focus on New Haven and Fairfield counties. Over 15 years of local expertise since 2009. We leverage modern technology to ensure a smooth and financially savvy real estate journey.
The Listing Advantage
Maximize your equity with our competitive listing fees without sacrificing full market exposure on Smart MLS, Zillow, and more. Why pay traditional commissions when you can get full-service reach for a smarter price?
Full Service, Smarter Pricing
Get the same powerful reach as traditional brokerages while keeping more of your hard-earned money in your pocket.
Frequently Asked Questions
Am I getting less service? +
Absolutely not. You get full MLS exposure and syndication to all major sites like Zillow and Realtor.com. I focus on efficiency to pass savings to you.
How does the buyer's agent commission work? +
To ensure maximum traffic, we still recommend offering a competitive commission to the agent who brings the buyer. We'll discuss a strategy that works for your specific home.
Recent Successes
Properties recently sold or managed using the Joseph Martino Listing Advantage.
Closed
335 Broad Street
New Britain, CT • Mixed-Use
Sold Price: $505,000
View Case Study →335 Broad Street
New Britain, CT • Mixed-Use
View Detailed Financials →335 Broad Street, New Britain, CT 06053
Offering Price: $535,000
Executive Summary
Presenting a prime mixed-use investment opportunity located on a corner lot in downtown New Britain. This 4,831 sq. ft. building features a strong and diversified income stream from two (2) residential apartments and two (2) commercial storefronts. With long-term leases secured for both commercial tenants and month-to-month flexibility in the residential units, this property offers an attractive blend of stable cash flow and future upside for an investor.
Investment Highlights
- Excellent Cash Flow: Generates over $66,000 in gross annual income.
- Built-in Rent Growth: Both commercial leases feature guaranteed annual rent increases (3% and 5%).
- Prime Corner Location: High visibility and foot traffic in a downtown setting.
- Diversified 4-Unit Mix: Reduces vacancy risk with a mix of residential and commercial tenants.
- Stable Commercial Tenants: Both storefronts are secured with long-term leases, ensuring reliable income.
- Value-Add Opportunity: Residential units on month-to-month leases offer flexibility to increase rents.
Property Details
- Property Type: Mixed-Use
- Number of Units: 4
- Building Size: 4,831 Sq. Ft.
- Lot Size: 0.13 Acres
- Year Built: 1915
- Parking: Off-street in rear
Key Investment Metrics
- Cap Rate (Est.): 8.05%
- Price Per Unit: $133,750
- Gross Rent Multiplier: 8.09
- Net Operating Income (Est.): $43,079
Annual Financial Pro-Forma
| Gross Scheduled Income | $66,144 |
| Vacancy Allowance (5% Est.) | ($3,307) |
| Effective Gross Income | $62,837 |
| Property Taxes (Actual) | ($9,574) |
| Insurance (Est.)¹ | ($4,000) |
| Water & Sewer (Est.)¹ | ($3,000) |
| Maintenance & Repairs (Est.)¹ | ($3,142) |
| Total Expenses | ($19,758) |
| Net Operating Income | $43,079 |
Rent Roll
| Unit | Type | Monthly Rent | Lease Details |
|---|---|---|---|
| Unit 1 (2nd Fl) | Residential | $1,850 | M2M |
| Unit 2 (3rd Fl) | Residential | $1,100 | M2M |
| Unit 3 (Broad) | Storefront | $1,512 | Exp 2030 |
| Unit 4 (Burritt) | Storefront | $1,050 | Exp 2030 |
| Totals | $5,512 |
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Professional Management
We manage your assets like they are our own, focusing on tenant retention and reliable cash flow.
Rigorous Screening
We check credit, background, and employment to ensure you get high-quality residents who pay on time.
Proactive Maintenance
24/7 coordination of repairs with vetted local contractors to protect the value of your asset.
Book a Showing
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