873-915 Grand Ave
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873-915 Grand Ave
112 Unit Apartment Building For Sale New Haven, CT 06511
Investment Highlights
- Desirable neighborhood - Wooster Square
- Close to Yael University
- Strong Economic Growth
Executive Summary
Welcome to 873-897 Grand Avenue, New Haven, CT—an outstanding development featuring 112 units. The current site comprises three single-story commercial buildings, with plans to transform it into a modern multifamily complex offering a diverse selection of studio, one-, and two-bedroom apartments. This future building will be designed as an all-inclusive live-work-play environment, featuring ample amenities, a rooftop deck, and ground-floor retail spaces. The project has received substantial support from the planning committee and is close to final approval.
Situated in the historic Wooster Square, one of New Haven's most distinguished neighborhoods, the property is just a short walk from downtown, Yale University's main campus, and various public transportation options. Residents will enjoy convenient access to New Haven's wide array of employment and recreational opportunities.
New Haven plays a vital role as an economic center along the Northeast Corridor, located between Boston, New York, and Washington, DC. It is also strategically positioned between Hartford and Stamford, two of Connecticut's major hubs for employment and higher education. The city’s strong demand for apartments is fueled by its eight universities, including Yale University, and the increasing presence of biotechnology firms attracted to the area’s highly educated, recent graduates.
Situated in the historic Wooster Square, one of New Haven's most distinguished neighborhoods, the property is just a short walk from downtown, Yale University's main campus, and various public transportation options. Residents will enjoy convenient access to New Haven's wide array of employment and recreational opportunities.
New Haven plays a vital role as an economic center along the Northeast Corridor, located between Boston, New York, and Washington, DC. It is also strategically positioned between Hartford and Stamford, two of Connecticut's major hubs for employment and higher education. The city’s strong demand for apartments is fueled by its eight universities, including Yale University, and the increasing presence of biotechnology firms attracted to the area’s highly educated, recent graduates.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 112 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Construction Status | Proposed |
| Property Subtype | Apartment | Building Size | 81,025 SF |
| Apartment Style | High Rise | No. Stories | 5 |
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | High Rise |
| Building Class | B |
| Lot Size | 0.82 AC |
| Construction Status | Proposed |
| Building Size | 81,025 SF |
| No. Stories | 5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 66 | - | - |
| 1+1 | 38 | - | - |
| 2+1 | 8 | - | - |
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Walk Score ®
Walker's Paradise (92)
Transit Score ®
Excellent Transit (76)
Bike Score ®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $669,550 | |
| Land Assessment | $474,460 | Total Assessment | $1,144,010 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$474,460
Improvements Assessment
$669,550
Total Assessment
$1,144,010
zoning
| Zoning Code | BA (Business) |
| BA (Business) |
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873-915 Grand Ave
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