The Granary

Investment Overview

Northeast Private Client Group is pleased to present the exclusive listing of The Granary, a 14-unit multifamily property located in New Milford, Connecticut. The property offers a well-balanced unit mix of seven one-bedroom units, five two-bedroom units, and two two-bedroom townhome units, providing new ownership with diversified tenant appeal across household sizes and price points. Originally built as the Turney Soule granary complex in the 1800s and thoughtfully redeveloped in 2006 into residential lofts, The Granary combines the durability and character of historic construction with the operating simplicity of a boutique multifamily asset. Loft-style interiors, exposed beams, and nine-foot ceilings distinguish the property from typical garden-style competition in the submarket. Heat, air conditioning, and hot water are all on separately metered, tenant-paid electric service, and water is sub-metered and tenant-paid as well — a utility structure that minimizes owner-side operating expense exposure. Twelve of the fourteen units include in-unit washer/dryers, with a coin-operated laundry facility in the basement serving the remaining units. The Granary offers a rare combination in the Fairfield/Litchfield County submarket: an architecturally distinct property in a walkable downtown location, positioned for a new owner following New Milford's completed town-wide revaluation. In-place rents also sit meaningfully below market, offering a new owner straightforward upside with no renovation or capital investment required to achieve it.

Investment Highlights

• Historic Character, Modern Performance
• Award-Recognized Preservation
• Tenant Paid Utilities
• Boutique, Manageable Scale
• Tax Certainty
• Strong Location Fundamentals
• Mark-to-Market Upside