40 Elm Street

The developer, Peabody Unlimited, LLC, (Peabody) converted the building into six residential apartments: two studios, two one-bedroom and two one-bedroom 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 were used for 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