Chestnut Street Townhomes

62 Chestnut Street, Danbury, CT 06810

  • For Sale $10,750,000
  • Property Type Multi-Family
  • Property Size 43,120 SF
  • Units 36
  • Lot Size 3.31 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Year Built 2010
  • Date Updated Nov 13, 2024
Perched on Connecticut’s western border, Danbury enjoys two geographical assets: size and location. The city has an area of 44 square miles, more than twice the size of Hartford, New Haven or Bridgeport. In addition to size, its proximity to New York is a strategic asset. Danbury is in northern Fairfield County, accessible to the Gold Coast - southern Fairfield County - and New York’s Westchester and Putnam counties. With comparatively affordable housing, Danbury draws residents from these pricey regions.Northeast Private Client Group is pleased to exclusively present “The Chestnut Street Townhomes”, a 144-bed student housing opportunity serving Western Connecticut State University in Danbury, CT. The property consists of thirty-six townhome units. (32) 2-bedroom townhomes with double garages and four (4) 3-bedroom townhomes without garages.. Each unit has occupancy for four (4) beds. The units come furnished with a living room set, twin bed frames, dressers, etc. The property was built in 2010. There is an on-site leasing/management office. All units have individual electric heat and hot water. Each unit has a double garage with an additional space outside the garage. There is also a newly built overflow parking lot at the rear of the property. All units have an in-unit washer/dryer. The property is currently operated as student housing for Western Connecticut State University. The property is located 0.4 miles from the main campus. The property has very few true competitors, as it is one of the only off-campus student housing complexes in Danbury that specifically provides housing for Western Connecticut State students. Current rents are $774/bed, while the highest achieved rent is $850/bedroom. Overall, there is a clear path to raising gross income by over $300,000 annually. While it currently operates as student housing, this property is also a great “market-rate” conversion opportunity. Danbury is home to a number of large employers, including Danbury Hospital, Praxair, Ethan Allen and Cartus. The city is located at the intersection of I-84 and Route 7 and is 15 minutes to I-684., allowing easy commuter access to New York City, Fairfield County, Hartford and Upstate New York. The property is 0.9 Miles to the Danbury Metro North Railroad Station.

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Highlights

  • 2010 Construction
  • Value-Add Student Housing Opportunity
  • Potential "Market-Rate" Conversion
  • Large Townhome Floorplans with Garages
  • Growing and Exciting Submarket
  • Excellent Location

Contacts

broker

Jeff Wright

Northeast Private Client Group

Location

Getting Around

  • Walk Score ®

    70/100 Very Walkable
  • Bike Score ®

    45/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Danbury, CT
  • Zip Code 06810
  • Market Bridgeport New Haven

Points of Interest

  • Bethel

    1.82 miles

  • Branchville

    9.14 miles

  • CITGO

    0.82 miles

  • BP

    0.89 miles

  • Mobil

    1.24 miles

  • Citgo

    1.26 miles

  • Gulf

    1.32 miles

  • 7-Eleven

    1.71 miles

  • Sunoco

    1.76 miles

  • Global

    1.83 miles

  • EVO Charging

    2.46 miles

  • Tesla Supercharger

    2.51 miles

  • Commuter Parking Garage

    0.58 miles

  • Terence E. McNally Patriot Garage

    0.77 miles

  • Patriot Garage

    0.77 miles

  • Charles Bardo Parking Garage

    0.92 miles

  • Dunkin Donuts Parking

    0.93 miles

  • afc urgent care parking

    0.93 miles

  • Connecticut Park and Ride

    1.92 miles

  • Holiday Inn Danbury-Bethel At I-84

    1.34 miles

  • Courtyard Danbury

    1.43 miles

  • Americas Best Value Inn-Danbury

    1.46 miles

  • Hampton Inn Danbury

    1.53 miles

  • Quality Inn & Suites

    1.67 miles

  • La Quinta Inn & Suites Danbury

    2.04 miles

  • Residence Inn Danbury

    2.23 miles

  • Best Western

    2.24 miles

  • Super 8 Danbury

    2.27 miles

  • Ethan Allen Hotel

    2.39 miles

  • Angelo's Restaurant

    0.76 miles

  • Brazil Restaurant

    0.82 miles

  • Brasilis BBQ

    0.85 miles

  • JK's Original Texas Weiners Restaurant

    0.85 miles

  • Dunkin'

    0.92 miles

  • Newtown Road Italian Deli & Pizza

    0.94 miles

  • Burger King

    1.03 miles

  • McDonald's

    1.12 miles

  • Texas Roadhouse

    1.21 miles

  • KFC

    1.24 miles

  • Alternative Center for Excellence

    0.33 miles

  • Western Connecticut State University

    0.42 miles

  • Sacred Heart School

    0.56 miles

  • Broadview Middle School

    0.58 miles

  • Ellsworth Avenue School

    0.73 miles

  • South Street School

    0.82 miles

  • Saint Peter School

    0.84 miles

  • Shelter Rock School

    0.96 miles

  • Rogers Park Middle School

    1.14 miles

  • Saint Josephs School

    1.18 miles

  • Country Kids Child Care

    3.23 miles

  • Growing Seeds Academy

    3.37 miles

  • Prince of Peace Pre-school

    4.33 miles

  • Dannury Primary School

    5.39 miles

Frequently Asked Questions

How much does Chestnut Street Townhomes cost?

The space currently listed for sale at Chestnut Street Townhomes asks for $10,750,000.

What is the total square footage of Chestnut Street Townhomes?

Chestnut Street Townhomes totals 43,120 square feet.

When was this property built?

Chestnut Street Townhomes was built in 2010.

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Contact Listing Broker

broker

Jeff Wright

Northeast Private Client Group