Marcus & Millichap Brokers the Sale of a 28-Unit Apartment Building in Hartford, Connecticut

Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of a 28-unit apartment property in Hartford, Connecticut.

“Multifamily product in downtown Hartford has outperformed expectations. 385 Main, a well-located asset within the Central Business District with historical significance and outstanding curb appeal, will benefit from this positive momentum,” said Eric Pentore, senior vice president investments.

Pentore, Ross Friedel, and Wes Klockner, investment specialists in Marcus & Millichap’s New Haven office, had the exclusive listing to market the property on behalf of the seller, a Connecticut-based private investor. Pentore, Friedel, and Klockner also procured the buyer.

The five-story apartment building is located at 385 Main Street at the corner of Capitol Avenue within the Harford Central Business District, walkable to numerous employers, restaurants, shopping, and entertainment options. Originally constructed during the Gilded Age, the apartment building sits on a 0.34-acre lot and contains unique apartment homes consisting of 25 one-bedroom and three two-bedroom units. Additionally, the building contains 6,650 square feet of retail space. 

About Marcus & Millichap (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2021, the company had 1,994 investment sales and financing professionals in 82 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 13,255 transactions in 2021, with a sales volume of approximately $84.4 billion. For additional information, please visit www.MarcusMillichap.com.