Mixed-Use Building with Street
1379 Chapel St New Haven, CT 06511
1379 Chapel St, New Haven, CT, 06511
Contact for pricing
For Sale
Contact for pricing
Mixed-use building with six apartments and a street-level retail suite across from Saint Raphael Hospital.
Property Size4,411 SF
Price / SF$225.57
Days on Market129
Property Features for 1379 Chapel St
General Information
- Standard status
- Active
- Size
- 4,411 SF
- Property subtype
- RETAIL
Listing agency
Northeast Private Client Group | CT/Metro North
(203) 307-1583
Listed by
Derek Mahabir · License #CT: 0798330
(203) 307-1583
Source
Moodyscre
Added: Mar 16 Updated: Jul 22 at 5:29PM Checked: Jul 22 at 5:29PM
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 Northeast Private Client Group | CT/Metro North
Investment Insights
Based on property information with market context.
1379 Chapel Street is a mixed-use property offering six apartment units along with one street-level retail suite. The building is positioned to support ongoing rental needs with in-place cash flow, and it also presents value-add opportunities through unit renovations and common area improvements.
The property sits directly across from Saint Raphael Hospital, placing it in a highly walkable, pedestrian-oriented setting. The surrounding area is described as connected to major employment and education demand drivers, with access noted to Union Station, local bus lines, and major highways including I-95 and I-91.
As a residential income asset with retail frontage at street level, the property provides a combined living and commercial component within New Haven’s cultural and academic core.
The property sits directly across from Saint Raphael Hospital, placing it in a highly walkable, pedestrian-oriented setting. The surrounding area is described as connected to major employment and education demand drivers, with access noted to Union Station, local bus lines, and major highways including I-95 and I-91.
As a residential income asset with retail frontage at street level, the property provides a combined living and commercial component within New Haven’s cultural and academic core.
Key Highlights
- Mixed‑use building with 6 apartments and 1 street‑level retail suite
- Located directly across from Saint Raphael Hospital
- In‑place cash flow with immediate cash‑flow noted in remarks
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $133.9k | $30.36 |
| − Vacancy | −$8.3k | −$1.88 |
| EGI | $125.6k | $28.48 |
| − OpEx | −$56.5k | −$12.81 |
| NOI | $69.1k | $15.66 |
4,411 SF · lease $30.36/SF/yr · vacancy 6.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$987.0K
$863.6K – $1.15M
NOI $69,088 @ 7.0% cap · market cap 6.94%
Second Best
Retail
$909.9K
$796.2K – $1.06M
NOI $63,693 @ 7.0% cap · market cap 6.40%
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,324 @ 7.0% cap · market cap 9.98%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Elius Delight Mini ...
Grocery & Convenience Store
O & R Deli ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Apartment building - Mixed-use building with six apartments and a street-level retail suite across from Saint Raphael Hospital.
Where is this apartment building located?
The property is located at 1379 Chapel St New Haven, CT.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Mixed‑use building with 6 apartments and 1 street‑level retail suite; Located directly across from Saint Raphael Hospital; In‑place cash flow with immediate cash‑flow noted in remarks
