34 Level St
New Haven, CT 06515

Northeast Private Client Group is pleased to present the Level Street Development Site, located at 34 Level Street, New Haven, CT. The Level Street Development Site is a six acre, mostly clear gently sloping site with approvals in place for 74 units. Due to the Site’s size and location, it is possible that a new owner may be able to increase the density of the exiting approvals to 150+ units plus a commercial component. The Site is located in the New Markets Tax Credit (NMTC) qualified zone allowing investors to receive tax credits of 39% of Qualified Equity Investments (QEI) in the site over a seven-year period. More information can be found at https://www.irs.gov/businesses/new-markets-tax-credit-1#3. The Level Street Development Site is ideal for tax-credit, project-based, or any other type of affordable or mixed-market development. The Site is located across the street from a large New Haven Housing Authority Complex planned for a full redevelopment in 2019. The Site is located on a hard corner with extensive frontage on both streets, and the population density in the immediate vicinity would support a commercial component.