446A Blake St - Office FOR SALE


New Haven, CT 06515- Westville
$3,750,000 USD
860-420-9775
446A Blake St, New Haven, CT for Sale
$3,750,000 USD
Office - FOR SALE
1/19
null | Request Cap Rate

446A Blake St
New Haven, CT 06515
Westville


OVERVIEW

Northeast Private Client Group is pleased to present 446A Blake Street, an approved 144-unit development project in the Westville neighborhood of New Haven. The completed project will encompass a total of 144 units in three proposed phases. Phase 1 is a ground-up, new construction 55-unit building. Phase 2 is an adaptive reuse of an existing historic office building with 36 units. Phase 3 will be a ground-up, new construction building with 53 units. The approved plan includes 36,004 square feet of open space. The site is located on Blake Street in the Westville neighborhood of New Haven. The site is easy walking distance to the Village of Westville, the major dining and artery of the neighborhood. The site is less than 1 mile from the Southern Connecticut State University Campus, and is 1.5 Miles from Route 15. New Haven is an extremely tight rental market with vacancy around 3%. It benefits from the continued investment of Yale and Yale New Haven Hospital and a burgeoning life science sector. Recent new developments are being absorbed into the market quickly. Westville offers a more affordable rent than downtown properties while offering an excellent quality of life for residents.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$82 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1905

SPRINKLERS

-

PARKING SPACES

107

LAND DETAILS

LAND ACRES

1.88 AC

LAND SF

81,893 SF

ZONING

IL

APN/PARCEL ID

NHVN-000372-001159-000101

ASK ABOUT THIS PROPERTY

Bradley BallettoNortheast Private Client GroupMore Info
860-420-9775

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Bradley BallettoNortheast Private Client GroupMore Info
860-420-9775

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