The Granary

29 West Street, New Milford, CT 06776

Property Information

  • For Sale $3,500,000
  • Property Type Multi-Family
  • Property Size 17,056 SF
  • Units 14
  • Lot Size 0.33 Acre
  • Date Updated Jul 20, 2026

Description

Settled in 1707 on the banks of the Housatonic River, New Milford grew up around a village Green that ranks among the longest in New England — an elm-lined common framed by white-clapboard churches, the vintage Bank Street Theater, and three centuries of historic homes. It is Litchfield County’s largest town, yet daily life still centers on a compact, genuinely walkable core: independent restaurants and cafés, boutiques, the farmers’ market, and a year-round calendar of green-side fairs and events. The Granary sits a short walk from it all, on West Street just off the Green. That blend of authentic New England character and real walkability is increasingly rare — and it draws a discerning, year-round renter base of young professionals, families, remote workers, and downsizers who want village-center living without a mortgage. New Milford pairs small-town charm with genuine connectivity: Route 7 and US-202 reach I-84 at Danbury in about 20 minutes, with Candlewood Lake, the Litchfield Hills, and Metro-North toward New York at the doorstep. Quality apartments in the walkable core rarely come available — and even more rarely trade.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.

Highlights

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

Contacts

Location

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