203-692-2420
102-116 Dwight St, New Haven, CT for Sale
Apartments - FOR SALE
1/13
null | Request Cap Rate

102-116 Dwight St
New Haven, CT 06511
Dwight


HIGHLIGHTS

  • Core Yale New Haven Location
  • Historic and Architectural Appeal
  • Legacy Ownership
  • Value-Add Opportunity
  • Diverse, Growing & Resilient Local Economy

OVERVIEW

Northeast Private Client Group is pleased to exclusively present Embassy Apartments, a 32-unit value-add multifamily property located in New Haven, Connecticut. Embassy Apartments is a striking brick three-story, courtyard style building consisting of a mix of 24 one bedroom, one bathroom apartments, and 6 two bedroom, one bathroom apartments. There are 2 additional one bedroom, one bathroom apartments located on the lower-level (one has been recently remodeled and the other is currently not in occupiable condition). The building totals 24,478 square feet of building area set on 0.43 acres. The landlord is responsible for natural gas heat and hot water. Tenants are responsible for individually metered electric. The property has on-site laundry facilities for the tenants and a security system. Embassy Apartments is located on the Yale University Shuttle Line in the Dwight Street Historic District, the property is ideally located for Yale University undergraduate and graduate students, who have historically made up the tenant base. The property is also adjacent to Downtown New Haven, Yale New Haven Hospital and Saint Raphael Campus/Adams Neuroscience Center. New Haven is a world-class city with a diverse, dynamic, and resilient employment base anchored by a burgeoning Biotech and Life Sciences Industry, Yale University, Yale New Haven Hospital, and several other universities and hospitals. New Haven offers tremendous arts, culture, nightlife, and dining opportunities as well. Embassy Apartments presents an ideal opportunity for investors looking to acquire a stable asset with significant upside potential in an outstanding location and submarket with strong fundamentals. A new owner will have the opportunity to complete unit and common area renovations while marking existing rents to market levels and gaining exposure to one of the most dynamic markets in the Northeast.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

32

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Embassy Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,696 SF

ZONING

RM2

APN/PARCEL ID

NHVN-000297-000215-001400

ASK ABOUT THIS PROPERTY

Edward JordanNortheast Private Client GroupMore Info
203-692-2420

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Edward JordanNortheast Private Client GroupMore Info
203-692-2420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.