$1,700,000
High-Yield 12-Unit Value-Add Multifamily Investment in New London, CT
New London, Connecticut
Soft OfferCommercial Property for Sale in New Haven Connecticut 06511
1435 State Street, New Haven, Connecticut 06511
$4,950,000
$249 / sq ft Listed Dec 12, 2025
19,860 sqft
Building
1 acres
Lot
1900
Built
3
Stories
21
Units
About this property
Commercial Property for Sale in New Haven Connecticut 06511 is a multifamily for sale in New Haven, Connecticut, listed at $4,950,000. Key details: year built 1900, building size 19,860 sqft, lot size 1 acres, stories 3. Listed by Lisa Cozzi of Lisa Cozzi Team Century 21 All Points Realty on LoopingCloud and last updated September 3, 2026.
Fully Restored 21-Unit Multifamily Asset in Prime East Rock
Lee & Associates is pleased to present a rare opportunity to acquire a meticulously restored 21-unit multifamily asset in New Haven's highly sought-after East Rock neighborhood. This historic brick building, formerly the YMCA and Railroad Boarding House, beautifully blends timeless classic architecture with contemporary luxury and efficient operations.
This turnkey property offers modern resident amenities and exceptional investment stability. The assumable Freddie Mac loan provides a significant financing advantage, making this an ideal acquisition in one of Connecticut's strongest and most reliable rental markets.
Key highlights
- Taxes $94,233(2025)
- Electric, Gas
- Sewer Public Sewer Connected
- Fuel Gas In Street
Lending Opportunities
| Company | Lender type | Contact | Phone | |
|---|---|---|---|---|
| TheLoanProsTeam | Mortgage Broker | Roxanne Chung | (754) 707-5877 | |
| Money Solutions, LLC | Mortgage Broker | Jennifer A. Judice | (813) 431-5000 |
Property details
Key facts
- Year Built
- 1900
- Building Size
- 19,860 sqft
- Lot Size
- 1 acres
- Stories
- 3
- Total Units
- 21
- Heating & Cooling
- Heating and Cooling
- Property Status
- Normal Sale
- Building Status
- Existing
Pricing details
- Financing
- Third Party Financing
- Investment Property
- Active investment property
Investment snapshot
$249
Price per sq ft
Acquisition options
| Option | Asking price | Cap rate | Commission | Monthly income | Ownership |
|---|---|---|---|---|---|
| Purchase Only | $4,950,000 | - | - | - | - |
Features and amenities
Property Features
- County: South Central Connecticut Planning Region
- Taxes: $94,233(2025)
Highlights
- Rare East Rock Location & History: Acquisition of a beautifully restored, historic 21-unit brick building in the prime, highly desirable East Rock neighborhood of New Haven, minutes from Yale University and downtown.
- Turnkey Modern Luxury: All units feature high-end modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers. The building boasts secure access and a fitness room.
- Operational Efficiency & Finance: Exceptional efficiency with tenant-paid utilities (individual heating, hot water, and central air), plus the significant advantage of an assumable Freddie Mac loan at 3.8% (1% assumption fee).
- Desirable Unit Mix & Special Features: Diverse mix of 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths). Includes four ground-floor units with private rear entrances for added tenant appeal.
- Premium Outdoor Amenities: Enhanced community appeal with modern features like six EV charging stations on handsome pavers, community garden boxes, a picnic area, and dedicated off-street parking.
Utilities
- Electric, Gas
- Sewer: Public Sewer Connected
- Fuel: Gas In Street
Location
Address as shown by the lister.
Get directionsAbout this area - New Haven
- Population
- 53,027
- Housing units
- 22,896
- Land area
- 6.0 sq mi
- County
- New Haven
Documents, links and contacts
Frequently asked questions
What is the asking price of Commercial Property for Sale in New Haven Connecticut 06511?
Commercial Property for Sale in New Haven Connecticut 06511 is listed at $4,950,000. That works out to about $249 per square foot.
Where is Commercial Property for Sale in New Haven Connecticut 06511 located?
The property is in 1435 State Street, New Haven, Connecticut 06511, New Haven County.
What type of property is this?
This is a multifamily for sale in the commercial category.
How big is the property?
The building is 19,860 sqft. The lot is 1 acres.
Is financing available?
The lister indicates: Third Party Financing.
Who do I contact about this listing?
Lisa Cozzi of Lisa Cozzi Team Century 21 All Points Realty listed this property. Use the Request Info button to send a message or call (860) 508-2102.
When was this listing published?
It was published on December 12, 2025 and last updated on September 3, 2026.
Listing information
- Listing ID
- CL-Connecticut-27130
- Published
- Dec 12, 2025
- Last updated
- Sep 3, 2026
- Views
- 257
- Status
- Sold
Report a problem with this listing
Disclaimer: LoopingCloud is a social listing portal that connects real estate professionals, service providers, buyers, and sellers. All property information, descriptions, availability, financial details, and any offerings are provided by the respective lister or service provider and are not independently verified by LoopingCloud.
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