Howe Street Apartments

  • Title

    Multifamily Property for Sale

  • City

    New Haven, CT

  • Price

    $1,050,000

  • Cap Rate

    4.3

  • Gross Leasable Area

    4,216 SF

  • No. Units

    8

  • Price/SF

    $249.05

  • Price/Unit

    $131,250

  • No. Stories

    4

  • Year Built

    1900

Not found amenities.

Northeast Private Client Group is pleased to present 127 & 129 Howe St, New Haven total +/- 4,200sf and 8 total units on 2 separately deeded tax lots.

The property draws its renter base primarily from graduate students at Yale University. It is located in a desirable downtown location between Elm and Broadway. It is within walking distance to the Yale graduate schools as well as
the shops and restaurants on Broadway including the Yale Bookstore. The property consists of seven (7) 1BR apartments and one (1) studio apartment.
127 & 129 Howe St offers a stabilized, cash flowing asset in one of the most desirable downtown location in New Haven. Rent growth is achievable by raising rents to market value.

New Haven, New Haven County, CT

Howe Street Apartments Offering Memo