124 Temple St
New Haven, CT 06510
Multifamily Property For Sale · 10 Units

Arches 132, located at 124 Temple Street in Downtown New Haven, is a mixed-use building with ten residential units and one ground floor retail space. The multifamily component is comprised of four studio / one-bath apartments, five one-bedroom / one-bath apartments and a two-bedroom / two-bath apartment. The retail tenant is Olives and Oil Restaurant, a modern rustic Italian eatery in a vintage setting, operated by a successful local restaurateur. The building was originally built in 1910. In 2019 the second and third floors went under expansive renovation converting the old office space into ten luxury loft style residencies. The units boast 15' ceilings, contemporary designs with open floor plans and vintage architectural features. The units have original refinished hardwood flooring throughout the living areas with new porcelain tile in the bathrooms. The kitchens are equipped with Bloomberg Stainless Steel Appliances including an oven/range, refrigerator, dishwasher and microwave. Each unit features individual LG washer/dryer combo as well as heating and cooling controls. The building is equipped with a video monitor entry system and a new elevator. Ideally located in Downtown New Haven, the property features immediate access to the city's cultural, entertainment and educational offerings. Arches 132 has received a WalkScore of 97 and a TransitScore of 76. It is located on the cross of Temple and Crown Street, a 0.2 mile walk to the New Haven Green. The property is within close proximity to Yale New Haven Hospital (0.5 miles), Yale University (0.8 miles) and the New Haven State Street Station (0.4 miles). Within one block of the building there are two theaters, many restaurants, several public parking garages, many retail conveniences as well as Gateway Community College. Arches 132 has easy access to I-91, I-95 and RT-1.