Student Housing Apartment
For Sale
Contact for pricing
Pending
92 Pearl St, New Haven, CT 06511
Ten-asset apartment portfolio within a five-minute walk to campus, with consistent 100% occupancy for over five years.
Property SizeContact for details
Days on Market142
Property Features for 92 Pearl St
General Information
Standard status
Pending
Property subtype
Multifamily
Occupancy
100%
Listing Agency:
JLL Chicago | Americas Headquarters
Listed By:
Scott Clifton · License #IL 475.170910
Source:
Crexi
Added: Apr 11
Changed: Aug 21
Last Checked: Aug 29 at 7:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of JLL Chicago | Americas Headquarters
Investment Insights
Based on property information with market context.
Jones Lang LaSalle Americas, Inc. (“JLL”), a licensed real estate broker, presents the opportunity to acquire a ten-asset portfolio (“Yale Portfolio”) in New Haven, Connecticut that serves students at Yale University. The properties are located within a five-minute walk to campus and have delivered consistent 100% occupancy for more than five consecutive years.
The portfolio has delivered 10%+ annual rent growth, with rents growing nearly 50% in the aggregate over the same period. To date, 12 units, representing approximately 50% of the portfolio, have been renovated, and only 1 unit has been furnished. The offering also notes the opportunity to renovate and furnish the remainder of the portfolio.
According to the remarks, in-place NOI is $542,990 per year, with the potential to create an additional $185,700 per year in NOI through renovations, furnishings, market rent increases for AY 2023–2024, and embedded mark-to-market.
The portfolio has delivered 10%+ annual rent growth, with rents growing nearly 50% in the aggregate over the same period. To date, 12 units, representing approximately 50% of the portfolio, have been renovated, and only 1 unit has been furnished. The offering also notes the opportunity to renovate and furnish the remainder of the portfolio.
According to the remarks, in-place NOI is $542,990 per year, with the potential to create an additional $185,700 per year in NOI through renovations, furnishings, market rent increases for AY 2023–2024, and embedded mark-to-market.
Key Highlights
- Ten‑asset apartment portfolio in New Haven, Connecticut within a five‑minute walk to Yale University
- Consistent 100% occupancy for more than five consecutive years
- In‑place NOI of $542,990 per year with potential to add $185,700 per year in NOI through renovations and furnishing remaining units
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
850
Businesses Nearby
Explore this area
Business Placement
Demographics for 06511, CT
55,879
Population
24,579
Households
2.3
Avg Household Size
29
Median Age
48%
College-Educated
91%
High-School Grad
5.8 sq mi
ZIP Area
9,634
Density / Sq Mi
$56,300
Median Household Income
$34,409
Median Earnings
$1,534
Median Rent
$313,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Apartment building - Ten-asset apartment portfolio within a five-minute walk to campus, with consistent 100% occupancy for over five years.
Where is this apartment building located?
The property is located at 92 Pearl St New Haven, CT.
What are key features of this property?
This property features: Ten‑asset apartment portfolio in New Haven, Connecticut within a five‑minute walk to Yale University; Consistent 100% occupancy for more than five consecutive years; In‑place NOI of $542,990 per year with potential to add $185,700 per year in NOI through renovations and furnishing remaining units
