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INVESTMENT HIGHLIGHTS
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THE ASSET: Volpintesta Crossing is a new construction mixed-use Property comprised of five in-line mixed-use buildings with twenty-six (26) total units including nine (9) commercial units on the first floors and seventeen (17) residential units on the upper floors. The residential units consist of fourteen (14), 1-Bedroom/1-Bathroom units, two (2), 1-Bedroom/1-Bathroom plus Loft units, and one (1) 3-Bedroom/2 Bathroom unit. The Property contains 21,763 square feet of living area in 23,411 square feet of total gross area and sit on a 0.6-acre parcel. Four of the five buildings were constructed in 2021 and the fifth building was originally constructed in 1880 and was extensively renovated in 2021.
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WALKABLE DOWNTOWN LOCATION: The Property is located in the center of Bethel in the desirable Greenwood Historic District. The Property is located along Greenwood Avenue immediately adjacent to the village center, providing convenient, walkable access to area shopping (Caraluzzi’s - the area’s primary grocery store, Ace Hardware, CVS, Snap Fitness, and several liquor stores), numerous dining options, municipal offices, and the Bethel Train Station with service to New Haven or New York’s Grand Central Station (0.5-miles away).
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DESIRABLE RESIDENTIAL UNITS: The new construction residential units offer spacious layouts and are individually metered for electricity, heat, and hot water. The apartment finishes include quartz kitchen countertops, marble bathroom countertops, Kohler plumbing fixtures, ceramic flooring in the bathroom, vinyl planks in the living area, and carpet in the bedrooms. The Property offers convenient access to the Bethel Train Station, area shopping, dining, schools, and municipal parks.
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IMPRESSIVE DEMOGRAPHICS: Approximately 54,300 people live within 3-miles of the Property with an average household income of $90,748. An impressive 102,500 people live within 5-miles of the Property with an average household income of $106,668. Additionally, there are more than 75,100 employees within 5-miles of the Property.
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