POST BANKRUPTCY CONFIRMATION | PLAN ADMINISTRATOR AUCTION
28.03 % interest in 5CP LLC, which owns property located at 5 Constitution Plaza, Hartford, CT
Bid Deadline: May 13, 2026 | Auction: May 18, 2026
Stalking Horse: $260,000 | Minimum Overbid Amount: $300,000
Opportunity Overview
- Auction of a 28.03% equity interest in 5CP, LLC, owner of Spectra Boutique Apartments – a renovated 190-unit, 12-story multifamily high-rise in downtown Hartford’s CBD.
- 2025 positive full-year NOI.
- 2025 positive full-year net income after debt service
- Occupancy Rate: Exceeded 90% (12/31/2025).
Property Highlight
| Property Type | Multi-family Mid/High-Rise |
| Year Built / Reno | 1962 / Renovated 2015 |
| Condition | Excellent |
| Total Units | 190 Residential |
| Avg Unit Size | 634 SF |
| Gross Building | 190,282 SF |
| Net Rentable | 120,551 SF Residential |
| Commercial | 4,776 SF (leased) |
| Stories | 12 Floors |
| Location | Downtown Hartford CBD |
| Management | Lexington Property Mgmt |
