Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    43 Hoyt St New Canaan, CT 06840

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $2,700 /Mo

    Newly renovated 1BR/1BA apartment in the heart of New Canaan.

    Lot size:
    0.27 Acres

    Property Features for 43 Hoyt St

    General Information

    Lot size
    0.27 Acres

    Building Details

    Year built
    1928

    We can help!

    Listing Contact
    Preston Stamm
    Source: Elliman

    Listing Agent: Preston Stamm

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Renovated Apartment in Downtown New Canaan

    This newly renovated rental property is located in downtown New Canaan. The upstairs unit features one bedroom and one bathroom. The property has new hardwood floors, new windows, and a new HVAC system. The kitchen has been completely updated with new appliances and quality finishes. The bathroom is also brand new. The kitchen and family room feature an open-concept layout. The property is located steps from the town center, Metro-North station, shopping, and restaurants.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Realty agency Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Canaan
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.4881089
    Latitude
    41.1454059

    Nearby Similar for Lease

    • $6,500 /Mo

      Spacious Condo Overlooking Mead Park

      Four-bedroom condo with park views, close to downtown amenities.
      193 Park St, New Canaan, CT 06840
      View Details
    • $50 SF/Yr
      5,000 SF

      Premium Office Suites in New Canaan

      Professional office suites available in a recently renovated building.
      25 South Ave, New Canaan, CT 06840
      View Details
    • $3,700 /Mo

      Charming Downtown New Canaan Apartment

      Renovated one-bedroom apartment in downtown New Canaan with parking.
      31 East Ave, New Canaan, CT 06840
      View Details
    • $3,900 /Mo

      Renovated Apartment Near Town Center

      Newly renovated two-bedroom apartment near amenities and transportation.
      40 East Maple St, New Canaan, CT 06840
      View Details
    • $2,700 /Mo

      Ground-Level Ranch Style Unit

      Conveniently located ranch-style unit with remodeled kitchen and included heat.
      10 Hill St, New Canaan, CT 06840
      View Details
    • $950 /Mo
      250 SF

      Bright Office Space Available

      Second-floor office space with ample natural light and convenient location.
      72 Park St, New Canaan, CT 06840
      View Details
    • Contact for pricing
      2,200 SF

      Downtown New Canaan Office/Retail Space

      Prime location, two spaces available, immediate occupancy.
      80 Main St, New Canaan, CT 06840
      View Details
    • $35 SF/Yr
      12,600 SF

      Prime New Canaan Executive Office Space

      1,150 SF Executive Suite, Walk to Train
      39 Locust Ave, New Canaan, CT 06840
      View Details
    • Contact for pricing
      1,300 SF

      Downtown New Canaan Office Suites

      Office suites in central New Canaan location near train station.
      3-11 Forest St, New Canaan, CT 06840
      View Details
    • $35 SF/Yr
      19,400 SF

      Prime New Canaan Office Space

      Traditional Office Suites Available Now
      49-51 Locust Ave, New Canaan, CT 06840
      View Details
    • $40 SF/Yr
      750 SF

      New Canaan Office Condo - 750 SF

      Prime location, single-tenant office condo.
      93 Cherry St, New Canaan, CT 06840
      View Details
    • Contact for pricing
      1,357 SF

      Downtown New Canaan Office Space

      Three-story office building in downtown New Canaan for rent.
      161 Cherry St, New Canaan, CT 06840
      View Details

    FAQs

    What type of property is this?
    Apartment building - Newly renovated 1BR/1BA apartment in the heart of New Canaan.
    Where is this apartment building located?
    The property is located at 43 Hoyt St New Canaan, CT.
    What are key features of this property?
    This property features: - Steps from downtown New Canaan, Metro-North, shopping, and restaurants.; - Newly renovated with new hardwood floors, windows, HVAC, kitchen, and bathroom.; - **Completely updated kitchen with brand new appliances and quality finishes.**
    (203) 966-2633
    Request Owner's contact information
    43 Hoyt St New Canaan, CT 06840
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    43 Hoyt St
    New Canaan, CT 06840
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    43 Hoyt St New Canaan, CT 06840
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Preston Stamm
    (203) 966-2633
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.