Properties

Property Description

Don’t miss this Brooklyn Center multifamily portfolio consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury’s Brooklyn neighborhood with well-maintained assets and proven rental demand.

Features
Heating System:
Hot Water
Cooling System:
Window Unit
Foundation Type:
Masonry, Stone
Heat Fuel Type:
Natural Gas, Electric
Exterior Features:
Gutters, Lighting, Sidewalk
Flooring:
Vinyl, Wall-to-wall Carpet, Wood, Tile
Fireplaces Total:
0
Parking Total Spaces:
40
Location:
Highway Access, Downtown
Lot Description:
Level Lot, Corner Lot
Water Source:
Public Water Connected
Address Map
Street:
Bank
Street Number:
985
Floor Number:
0
Longitude:
W74° 55′ 26.6”
Latitude:
N41° 33′ 10.4”
MLS Addon
Office Name:
Oxford Realty
Agent Name:
Amanda Faroni-Sheehan
List Agent MLSID:
FARONIAM
List Office MLSID:
13737
Tax Year:
July 2025-June 2026
Directions:
4 buildings on the corner of Washington & Bank + 2 properties on Congress Ave
HOA Fee Amount:
$0
Parcel Number:
1390158
Property Tax:
$31,165
Zoning:
RH

Commercial For Sale

985 Bank, Waterbury, 06708

0 Bedrooms
44 Bathrooms
32,049 Sqft
$3,960,000
Listing ID #24168573
Basic Details
Property Type :
Commercial For Sale
Listing Type :
For Sale
Listing ID :
24168573
Price :
$3,960,000
Bedrooms :
0
Baths Total :
44
Bathrooms :
44
Half Bathrooms :
0
Square Footage :
32,049 Sqft
Year Built :
1920
Lot Area :
0.83 Acre
City:
Waterbury
Zipcode:
06708
Agent info
RE/MAX Right Choice
43 South Main Street, Newtown CT 06470
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