Addison Mill Lofts

  • Title

    Multifamily Property

  • City

    Glastonbury, CT

  • Price

    $12,000,000

  • Cap Rate

    5.4%

  • Gross Leasable Area

    52,478 SF

  • No. Units

    55

  • Price/SF

    $228.67

  • Price/Unit

    $218,182

  • No. Stories

    3

  • Year Built

    1890

  • Lot Size

    2.88 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Addison Mill Lofts, located on 64 Addison Road, Glastonbury.

Addison Mill Lofts is a community of fifty-five (55) boutique residential units, comprised of three (3) studio units, thirty-nine (39) one bedroom / one bathroom units, eight (8) two bedroom / one bedroom units, five (5) two bedroom / two bedroom units. This property is an award wining re-use of a 1860’s mill with sweeping views of Addison Pond. The developer artfully incorporated the exposed brick walls, cathedral ceilings, oversized windows and timber beams with the amenities of a modern apartment. The units have granite counter tops, stainless steel appliances, brushed nickel fixtures, walk in closets, individual heating and air conditioning and in-unit washer and dryers. The building features a fitness center, ample parking and an expansive resident patio. The building is serviced by an elevator and has some furnished units available.

Glastonbury is a town located in Hartford County along the banks of the Connecticut River. The town is located 7 miles southeast of Hartford and is known for its wealth. South Glastonbury was ranked the 11th wealthiest Zip Code by Hartford Business and the Crystal Ridge neighborhood is the wealthiest in the Greater Hartford Area. The Town has a population of about 34,575 residents that have a median household income of $111,645, over $38,000 higher than the Connecticut median.

Glastonbury has two major cross-ways with in the town, Route 2 and Route 3, yet runs parallel to I-91.Glastonbury is known for many of its town events and activities held throughout the year. These include the Glastonbury Festival and the Apple Harvest Festival, celebrations that are held by the town and include music, dancing, food, comedy, theatre and other arts. Along with these festivals are the Glastonbury Art Walk, Glastonbury River Runs and other town initiatives.

Addison Mill Offering Memo