1970 Whitney Ave, Hamden, CT 06517

Building Details

Year Built 1949 More

Listing Agency: Press/Cuozzo Realtors

Listed By: Mark A. Foreman · License #RES.0827812 Show Phone

Source: Fairfieldcounty-properties

Added: Nov 3 Changed: Nov 7 Last Checked: Nov 8 at 7:06AM

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Investment Insights

Based on property information with market context.

This 917-square-foot office suite at 1970 Whitney Ave includes an open work area, one private office, a bathroom, and a kitchenette. Large windows bring natural light into the space, and wall-to-wall carpeting is installed. The building dates to 1949.

The property is on Whitney Avenue in Hamden, with on-site parking. Route 5, the Merritt Parkway, I-91, and I-95 provide nearby road connections. Shops, restaurants, and neighborhood amenities are within walking distance; downtown New Haven, Yale University, Yale New Haven Hospital, and Quinnipiac University are approximately 10 minutes away.

Key Highlights

• 917 SF office suite with open work area and one private office
• Kitchenette and private bathroom within the suite
• Large windows and wall‑to‑wall carpeting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,241

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,820 $264.8K

Cap Rate 7%

$189,157 $189.2K

Cap Rate 9%

$147,122 $147.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 917 SF

Gross rent

$19.8K $21.60/SF

− Vacancy

−$891 −$0.97/SF

EGI

$18.9K $20.63/SF

− OpEx

−$5.7K −$6.19/SF

NOI

$13.2K $14.44/SF

Area

New Haven, CT

Vacancy

4.50%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$264,820

Cap Rate 7%

$189,157

Cap Rate 9%

$147,122

Alternative Uses

Best Use

Office B

$198.7K

$173.9K – $231.8K (±1% cap)

NOI $13,908 @ 7.0% cap · market cap 959.17%

Second Best

Retail

$189.2K

$165.5K – $220.7K (±1% cap)

NOI $13,241 @ 7.0% cap · market cap 913.17%

Theoretical Best

Office A

$295.0K

$258.1K – $344.1K (±1% cap)

NOI $20,648 @ 7.0% cap · market cap 1,424.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Dr. Denise Tonzola Physician ABC Insurance Agency Insurance Agency Catherine Amble Physician Ms. Elizabeth Schwartz Midwife Caroline Luciani Midwife

Suggested Use

Top Pick Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

875

Businesses Nearby

Explore this area Business Placement

Demographics for 06517, CT

14,954

Population

6,875

Households

2.2

Avg Household Size

45

Median Age

52%

College-Educated

96%

High-School Grad

5.0 sq mi

ZIP Area

2,991

Density / Sq Mi

$97,154

Median Household Income

$58,025

Median Earnings

$1,351

Median Rent

$313,000

Median Home Value

Market

Average Price Trend$/SF for Office Units in New Haven County, CT

$126 Jul

$102 Aug

$112 Sep

$161 Oct

Properties on Market for Office Units in New Haven County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - The interior combines an open work area, private office, restroom, and on-site parking.

Where is this office unit located?

The property is located at 1970 Whitney Ave Hamden, CT.

What are key features of this property?

This property features: 917 SF office suite with open work area and one private office; Kitchenette and private bathroom within the suite; Large windows and wall‑to‑wall carpeting