Hartford Multifamily for Sale
Chozick Realty, Inc is pleased to present The Millennium, a luxury living complex at 50 Morgan Street, downtown Hartford, CT. Consisting of 242 rental apartments with a 380-car parking garage, The Millennium offers the convenience of downtown living with sunrise views over the Connecticut River and sunset views over the City Sky Line with the Mountains of Farmington Valley in the background. Residents have the Added Bonus of a bird’s eye view onto the field of the Hartford Baseball Stadium at Dunkin Donuts Park to watch a game without buying a ticket.
Formerly a 350 key Radisson Hotel constructed in 1971 containing approximately 327,273 square feet on a 1.73-acre site, The Millennium is a recent full transformation of the original hotel to 242 luxury apartments with extensive amenities. The main level contains a beautifully decorated entrance lobby with multiple gathering and function rooms and full luxury amenity package. On the ground floor is the former hotel restaurant and bar awaiting resurrection, becoming another amenity to the residents and the area draw it was when opened in the former hotel. Floors 2 through 18 (note there is no 13th floor) are fully residential with recently completed luxury apartment units nearing completion of their initial rent up phase.
The unit mix is 86 studio apartments 107 one-bedroom, and 31 two-bedroom apartments. The Millenium has capitalized on the high demand of Studio apartments in the Hartford Central Business district through offering approximately 44 units as furnished corporate rentals at a premium price. All apartments have high-end finishes including custom cabinetry, granite countertops, vinyl plank flooring, stainless steel appliances and more.
The parking garage is managed by LAZ Parking which not only offers premium garage services to the residents but substantial additional income to the property given its downtown location.
Onsite amenities include; swimming pool, fitness center, yoga room, business center, screening room, game room, extensive modern work remote facilities, controlled access package room, onsite laundry, Butterfly MX video intercom system, bicycle storage, pet washing station, architecturally designed function rooms and common area space designated for the convenience and enjoyment of residents and guests.
This property is completing its initial lease up phase and is currently 85% occupied. Full occupancy is expected by Spring 2026, setting the state for Post Lease Up rental increases to Full Market and boosted annual returns.
