1379 Chapel St - Storefront Retail/Residential FOR SALE


New Haven, CT 06511- Dwight
$995,000 USD
914-436-4790
1379 Chapel St, New Haven, CT for Sale
$995,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 10.07% Cap Rate

1379 Chapel St
New Haven, CT 06511
Dwight


HIGHLIGHTS

  • Prime Location across from Saint Raphael Hospital
  • Immediate Cash-Flow
  • Strong Demand from Students and Professionals
  • Value-Add Potential Through Unit Renovations

OVERVIEW

1379 Chapel Street offers an exceptional opportunity to acquire a well-located mixed-use building consisting of seven apartments and one street-level retail suite. Positioned directly across from Saint Raphaels Hospital, the asset benefits from pedestrian traffic, rental demand tied to Yale University proximity, and long-term appreciation potential. The property provides stable in-place cash flow with upside through unit renovations and common area improvements. The property is positioned in New Haven’s cultural and academic core, surrounded by strong demand drivers including Yale University, major medical campuses, downtown employment, and a highly walkable retail and dining ecosystem. The area benefits from steady rental pressure driven by students, professionals, and institutional affiliates seeking proximity to amenities, transit, and lifestyle conveniences. Excellent access to Union Station, local bus lines, I-95, and I-91 reinforces connectivity to regional employment markets, making Chapel Street one of the city’s most desirable residential corridors and a location well suited for long term rent growth and value preservation. New Haven remains one of the most competitive rental markets in the nation. With constrained supply and increasing demand, rents have steadily risen, and vacancy remains low.

FOR SALE DETAILS

PRICE

$995,000 USD

PRICE/SF

$256 USD /SF

CAP RATE

10.07%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

BA

APN/PARCEL ID

NHVN-000316-000244-003500

ASK ABOUT THIS PROPERTY

Derek MahabirNortheast Private Client GroupMore Info
914-436-4790

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Derek MahabirNortheast Private Client GroupMore Info
914-436-4790

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