1435 State St - Apartments FOR SALE


New Haven, CT 06511- East Rock
$4,950,000 USD
860-508-2102
1435 State St, New Haven, CT for Sale
$4,950,000 USD
Apartments - FOR SALE
1/20
null | Request Cap Rate

1435 State St
New Haven, CT 06511
East Rock


HIGHLIGHTS

  • Exceptional investment opportunity in a beautifully restored historic brick building Well maintained 21 units
  • Property features a mix of 6 studios, 10 one-bedroom units, and 5 two-bedroom units (some with two baths).
  • Ideally situated near East Rock Park, restaurants, shops, and just minutes from downtown New Haven and Yale University.

OVERVIEW

The Lisa Cozzi Team is proud to present this rare opportunity to acquire a 21-unit multifamily asset in one of New Haven’s most sought-after neighborhoods — East Rock. Set within a beautifully restored brick building once home to the YMCA and the historic Railroad Boarding House, this property seamlessly blends timeless architecture with modern luxury and a true sense of community. This turnkey investment features a robust unit mix — 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths) — all meticulously updated with granite countertops, stainless steel appliances, in-unit washer/dryers, and individually controlled heating, hot water, and central air. Four ground-floor units enjoy private rear entrances, offering additional privacy and convenience. The property’s shared outdoor spaces further enhance its appeal — featuring six EV charging stations set on handsome pavers, community garden boxes, and a picnic area that encourages connection among residents and reinforces the building’s inviting, neighborhood feel. Inside, residents also enjoy secured access, a fitness room, and off-street parking — amenities that drive both tenant retention and strong rental demand. Ideally positioned just minutes from Yale University, East Rock Park, downtown New Haven, and the area’s many restaurants and shops, this property offers consistent occupancy and long-term appreciation potential. With tenant-paid utilities and an attractive assumable Freddie Mac loan at 3.8% interest (with a 1% assumption fee), investors can step into an efficient, income-producing asset in a premier location with minimal management overhead. Whether you’re expanding your portfolio or seeking a stable, high-quality property in one of Connecticut’s most desirable rental markets, this East Rock opportunity is not to be missed.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/SF

$274 USD /SF

# OF UNITS

21

PRICE/UNIT

$235,714

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1435 State St

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

1.4 AC

LAND SF

60,984 SF

ZONING

BA

APN/PARCEL ID

NHVN-000154-000840-000200

ASK ABOUT THIS PROPERTY

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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

Lisa CozziThe Cozzi TeamMore Info
860-508-2102

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