985 Bank St

Waterbury, CT 06708

$4,500,000
Price
3
Beds
10,052 Sq. Ft.
$448 / Sq. Ft.
10,052
Sq. Ft.
$448
per Sq. Ft.

Description

Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and...Don't miss this Brooklyn neighborhood opportunity with Brass City Apartments Portfolio. Consisting of 44 units, in two locations less than 0.25 miles from one another. The portfolio is comprised of a total of six (6) buildings. There are four (4) contiguous properties on the corner of Bank St and Washington Ave for a total of 32 units and (2) adjacent buildings on Congress Ave with an additional 12 units. The portfolio offers a diverse unit mix of (5) studios, (26) one-bedroom, (4) two-bedroom and (9) three-bed apartments. All properties offer nicely renovated units, featuring improved and tasteful finishes including updated kitchens and bathrooms, modern flooring, and other in-unit improvements throughout most apartments. Many units have been turned, providing an investor with a strong combination of current cash flow and continued upside through ongoing rental increases. Each location features coin operated laundry and off street parking. This is a rare opportunity to acquire scale in Waterbury's Brooklyn neighborhood with well-maintained assets and proven rental demand.
  1. Listed by Amanda R Faroni-Sheehan • Oxford Realty
    P: (203)-314-4219 C: (203)-314-4219 amanda@oxfordrealtyco.com

Property Details for 985 Bank Street

Basement Description
Full, Unfinished
Direct Waterfront
No
Neighborhood
Brooklyn Center
Style
Units on different Floors, Units are Side-by-Side
Garage Parking Info
Paved, Off Street Parking, Driveway
Swimming Pool
No
LISTING UPDATED: 01/21/2026 05:59 PM

Property Details for 985 Bank Street

StatusActive
MLS #24150336
Days on Market4
Taxes$31,165 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family / 5 Family+
Year Built1920
Lot Size0.17 AC / 7,405 SF
CountyNew Haven County

Location

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan
Add your commute

Building Information for 985 Bank Street

Stories-Residences44Year Built1920Building Size-Lot Size0.17 AC / 7,405 SF

Payment Calculator

$24,529 per month

30 year fixed, 6.15% Interest

Principal and Interest

$21,932

Property Taxes

$2,597

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 985 Bank Street

Summary
Property and Location
  • Acres Source: Public Records
  • Directions: 4 buildings on the corner of Washington & Bank + 2 properties on Congress Ave
  • Elementary School: Per Board of Ed
  • Flood Zone: No
  • High School: Per Board of Ed
  • Latitude: 41.543495
  • Longitude: -73.046103
  • Neighborhood Amenities: Medical Facilities, Park, Playground/Tot Lot, Public Rec Facilities, Public Transportation, Shopping/Mall
  • State: Connecticut
Parking
  • Parking Total Spaces: 40
HOA and Fees
  • Home Owner's Assocation: No
  • Tax Year: July 2025-June 2026
  • Property Tax: $31,165
Interior and Exterior Features
Exterior Features
  • Exterior Features: Sidewalk, Porch, Gutters, Lighting
  • Waterfront Description: Not Applicable
Interior Features
  • Cooling System: Window Unit
  • Heat Type: Baseboard, Hot Water
  • Attic YN: No
  • Fireplaces Total: 0
  • Laundry Room Info: Coin Op Laundry, Common Laundry Area
  • Rooms Total: 5
Property
Property and Assessments
  • Construction Description: Brick
  • Driveway Type: Paved
  • Exterior Siding: Brick
  • Foundation Type: Masonry, Stone
  • New Construction Type: No/Resale
  • Roof: Asphalt Shingle, Flat
  • Year Built: 1920
  • Year Built Source: Public Records
  • Bank Owned Property: No
  • Living Area SQFT Per Public Records: 10052
Lot Information
  • Lot Description: Corner Lot, Level Lot
  • Parcel Number: 1390158
  • Sq Ft Est Heated Above Grade: 10052.0
  • Sq Ft Total: 10052.0
  • Zoning: RH
Utilities
  • Heat Fuel Type: Natural Gas
  • Hot Water Description: Natural Gas, Electric, Tank Size Unknown
  • Radon Mitigation Air: No
  • Radon Mitigation Water: No
  • Sewage System: Public Sewer Connected
  • Water Source: Public Water Connected
Multi Family
Income and Expenses
  • Gross Annual Expense: 194511
  • Gross Annual Income: 493680
  • Net Operating Income: $274,485
  • Occupied By: Tenant
  • Total Number of Units: 44
  • Total Rooms Multi Family: 5
Unit 1
  • Lease: Leased
  • Unit Appliances: Oven/Range,Refrigerator
  • Unit Average Sq Ft: 1000
  • Unit Entry Order: 1
  • Unit Full Baths: 1
  • Unit Modified Date: 01-21-2026
  • Unit Monthly Rent: $1,500
  • Unit Num Bedrms: 3
  • Unit Num Rooms: 5
  • Unit Occupied By: Tenant

Property History for 985 Bank Street

DateEvent & SourcePriceAppreciation
Oct 12, 2005

Closed (Public Record)

Public Record #170570102

$500,000

+26.8% / yr

Feb 7, 2001

Closed (Public Record)

Public Record #92526359

$165,000

-3.3% / yr

Aug 24, 1990

Closed (Public Record)

Public Record #92496368

$235,000—
DateEvent & SourcePrice
10/12/2005

Closed (Public Record)

Public Record #170570102

$500,000

+26.8% / yr

02/07/2001

Closed (Public Record)

Public Record #92526359

$165,000

-3.3% / yr

08/24/1990

Closed (Public Record)

Public Record #92496368

$235,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 985 Bank Street

Taxable ValueLand$98,000Additions$594,860Total$692,860
Tax Record2024$31,165 ($2,597 / month)
Home Facts
Total Finished SqFt10,052 SqFtAbove Grade Finished SqFt10,052 SqFtUnfinished Basement SqFt2,513 SqFtStories4Lot Size7,405 SqFtStyleMulti-Family Res (5+ Units)Year Built1920Year Renovated1985ZoningRHCountyNEW HAVENAPNWBRY M:0390 B:1030 L:0032

Schools near 985 Bank Street

This home is within Waterbury School District.
Rating
School
Type
Grades
Distance
Duggan School
Public - PK to 8
John F. Kennedy High School
Public - 9 to 12
Brooklyn Elementary School
Public - K to 5
Barnard School
Public - K to 5
Rating
School
Distance
Duggan School
PublicPK to 8

John F. Kennedy High School
Public9 to 12

Brooklyn Elementary School
PublicK to 5

Barnard School
PublicK to 5

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 985 Bank Street, Waterbury, CT 06708

985 Bank Street is a multi-family home for sale in Waterbury, CT 06708. This property was listed for sale on January 21, 2026 by Oxford Realty, it's currently listed at $4,500,000. It has been on the market for a total of 4 days and was last sold on October 12, 2005. This listing's school district is Waterbury School District. Nearby schools include Duggan School, John F. Kennedy High School and Brooklyn Elementary School. 985 Bank Street is a 3-bed, 1-bath, 10,052 sqft multi-family home built in 1920.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity. Subject to change at any time. Compass makes no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Oxford Realty, Amanda R Faroni-Sheehan

Based on information from one of the following Multiple Listing Services: Darien MLS, Smart MLS and Greenwich Multiple Listing Service. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Darien MLS, Smart MLS and Greenwich Multiple Listing Service is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.