89 Church St - Apartments CONDO FOR SALE


New Haven, CT 06510- Downtown New Haven
$2,150,000 USD
203-522-2635
89 Church St, New Haven, CT for Sale
$2,150,000 USD
Apartments CONDO - FOR SALE
1/1
null | 6.5% Cap Rate

89 Church St
New Haven, CT 06510
Downtown New Haven


HIGHLIGHTS

  • High walking traffic near Yale University
  • Regional and national branded tenants
  • Prime location entering downtown
  • Strong Downtown New Haven retail corridor

OVERVIEW

Opportunity to acquire a prime downtown New Haven street-level retail condominium located along the highly visible Church Street corridor. The offering consists of the first-floor retail only, currently configured for four tenants, with recent leasing activity creating a stabilized investment and limited remaining vacancy providing future leasing upside. Dunkin’ has operated at this prominent corner location for nearly 20 years, while Total Wireless opened last year and has approximately nine years remaining on its lease with a regional operator controlling 50+ locations. A new lease has recently been executed with Moka & Co., a growing U.S. café concept specializing in authentic Yemeni coffee and tea with 20+ locations, currently completing renovations. The property also includes a leased Patriot Bank ATM space, which may provide future flexibility to expand a small retail unit to approximately 700 SF through reconfiguration.

FOR SALE DETAILS

PRICE

$2,150,000 USD

PRICE/SF

$377 USD /SF

CAP RATE

6.5%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Johnson Simons Building

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

32,405 SF

STORIES

6

BUILDING CLASS

B

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

BD1

APN/PARCEL ID

NHVN-000240-000235-000201

ASK ABOUT THIS PROPERTY

Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

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Christopher LaraBerkshire Hathaway HomeServicesMore Info
203-522-2635

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