241 Asylum Street

The Cast Iron Building is a stunning turkney asset in the heart of Downtown Hartford. Located next to the historic Goodwin Hotel and Max Downtown, 241 Asylum is steps from fine dining, local favorite restaurants, and within walking distance to Pratt St. Historic District, Trumbull St., Bushnell Park and Hartford Healthcare. Easily accessible to major highways, as well.

The first floor is home to a prized Deli with an 8 year lease alongside a vacant commercial space. The 2nd and 3rd floors are currently being used by the owner. Each remaining floor has 2 large NY style residential units with ample natural light and charming features such as exposed brick walls. The top floor (7th fl) features skylights in the foyer and two units, including a 2 bedroom unit converted into an office with a newly added deck.

While this asset has undergone several remodels in the past few years bringing modern updates to the existing historical charm, there remains several value add opportunities for a savvy investor looking to take this fantastic asset to the next level! The current owner is willing to stay as a tenant and property manage or support in the conversion of the space.

The Seller has been granted a tax credit that can be passed on to a buyer willing to update the facade of the building. The purchase price will be adjusted by $200,000 should the Buyer choose to take advantage of this opportunity.