East Street Multifamily

  • Title

    Multifamily Property

  • City

    New Haven, CT

  • Price

    $615,000

  • Cap Rate

    6.8%

  • Gross Leasable Area

    2,895 SF

  • No. Units

    3

  • Price/SF

    $212.44

  • Price/Unit

    $205,000

  • Year Built

    1900

Not found amenities.

Northeast Private Client Group is proud to present 582 East St, New Haven, CT.

582 East St is a 3 Unit multifamily property located in the East Rock neighborhood of New Haven. The building consists of three 2 Bedroom units with an average rent of $1,761 per month.

All the units have been gut renovated to include new kitchens, bathrooms and hardwood floors.

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.

East Street Offering Memo