Boulevard Apartments

  • Title

    Multifamily Property

  • City

    New Haven, CT

  • Price

    $3,060,000

  • Cap Rate

    6.0%

  • Gross Leasable Area

    28,256 SF

  • No. Units

    24

  • Price/SF

    $108.30

  • Price/Unit

    $127.500

  • No. Stories

    3

  • Year Built

    1900

  • Building Size

    .78 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Boulevard Apartments, located in New Haven, CT.Boulevard Apartments offers an investor the opportunity to purchase a handsome tudor style apartment building in a desirable neighborhood with a diverse and unique arrangement of floor plans.

The building is comprised of ten (10) one-bedroom, two (2) one-bedrooms with extended dining area, three (3) two bedrooms, two (2) two-bedrooms with extended dining areas, four (4) three bedrooms and three (3) three bedrooms with extended dining areas. These distinctive apartments have reading nooks,crown molding and grand windows that showcase the building’s historic charm.The buildings exterior has been completely refurbished with new windows, stucco, brickwork, landscaping, sidewalks and more. Some units have been renovated to luxury finishes and establish proof of concept for a value add investment strategy to increase rents. There is the potential to further increase revenue through possible addition of units in the lower level. Finally, with large unit floor plans and many adjacent condo complexes, the building offers the possibility of a condo conversion exit strategy.

Boulevard Apartments is in the Beaver Hill area of New Haven. This borough offers a private and tucked away feel of a quiet neighborhood mixed with the convenience of neighborhood shopping and dining amenities on Whalley Avenue, and being less than 2 miles away from downtown. The property is located 2 miles from Yale University, 1 mile from Southern Connecticut State University, and 2 miles from Yale New Haven Hospital.

New Haven is a thriving city with a gorgeous coast line, many state parks and a bustling downtown that is home to many Universities and Colleges including Yale, University of New Haven and Southern Connecticut State. The city is a cultural hot spot filled with coastline, dining, museums, parks, theaters and shopping.

 

New Haven, New Haven County, CT

Boulevard Apartments Offering Memo