State Street Mixed-Use

  • Title

    Mixed Use Property for Sale

  • City

    New Haven, CT

  • Price

    $699,000

  • Cap Rate

    7.69%

  • Gross Leasable Area

    4,149 SF

  • No. Units

    4

  • Price/SF

    $168.47

  • Year Built

    1900

  • Lot Size

    .06 AC

Not found amenities.

Northeast Private Client Group is proud to present 774 State St, a 4 unit mixed use building in the East Rock Neighborhood of New Haven.

The building consists of one 1 Bedroom apartment, two 2 Bedroom Apartments and a retail tenant occupied by Jackson Hewitt. Located on Upper State Street in New Haven, this property is within walking distance to a number of restaurants, bars and local conveniences.

Recently every apartment unit had undergone gut renovations including remodeled bathroom with large showers and a rain shower head. The kitchens have new cabinets and granite countertops along with all new stainless steel appliances.

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.

774 State Street Offering Memo