40 Elm Street

The property at 40 Elm Street was built in the early 1900’s as a warehouse for the city’s carriage-making trade. It is a two-story brick structure located across the street from the Mansuy Carriage Manufactory, a long-time pillar of Hartford’s transportation history. The building transitioned from a horse-drawn carriage warehouse to an automobile showroom as cars became more prevalent and Mansuy converted to an auto dealership. The business eventually dissolved, but the former showroom was perfect for commercial use. It served as office space and storage until it was converted to residential use.

Peabody Unlimited, LLC (Peabody) converted the building into six residential apartments: two studios, two one-bedroom units, and two one-bedroom units with loft units. The total project cost was $1,127,650, of which Peabody provided $185,000 in equity and CRDA a $332,650 loan. Other funding sources include $420,000 from the Hartford Loan Fund and $190,000 from State Historic Credits. The CRDA funds covered construction and associated soft costs.

Property Amenities Include:

• Forced Air Heating/Cooling
• In-unit Laundry
• Pets: Cats, Small Dogs
• Exposed Brick Walls and Beams
• Large Windows
• Stainless Steel Appliances
• Owner-provided WiFi, Trash, Water, and Sewer