590 Whitney Avenue

  • Title

    Multifamily Property

  • City

    New Haven, CT

  • Price

    $589,000

  • Cap Rate

    6.65%

  • Gross Leasable Area

    3,102 SF

  • No. Units

    3

  • Price/Unit

    $196,333

  • Year Built

    1900

Not found amenities.

Northeast Private Client Group is proud to present 590 Whitney Ave in New Haven CT.

590 Whitney presents an opportunity to own a 3 unit multifamily building in the heart of East Rock. East Rock is a popular rental market for Yale grad students and professors. 590 Whitney is walking distance from the Yale School of Management and provides easy access to the Yale Shuttle.

New Haven is the second largest city in Connecticut and is a part of the NY Metropolitan area. The city has a population of about 131,000 residents and of that around 70% are renters. The city is heavily influenced by its connection to Yale University. Yale is the city’s largest employer (and taxpayer) followed by Yale – New Haven Hospital. The economy is therefore oriented towards world class institutions of education and healthcare, two industries considered to be less susceptible to cyclical economic downturns and poised for growth in a service-oriented economy.