Spacious Apartment Near
For Sale
Contact for pricing
360 Sherman Avenue New, New Haven, CT 06511
Oversized 2-bedroom apartment near Yale, hospitals, and transportation.
Property Size1,438 SF
Price / SF$1.46
Days on Market463
Property Features for 360 Sherman Avenue New
General Information
Standard status
Active
Size
1,438 SF
Property subtype
Multi-Family
Amenities
Fuel: Natural Gas
Cooling: Ceiling Fans
Heating: Hot Air
Oven/Range
Microwave
Refrigerator
Dishwasher
Washer
Dryer
Water Front
Building Details
Building Size
1,438 SF
Year Built
1905
Listing Agency:
Keller Williams Realty
Listed By:
Sheena Henderson · License #0802274
(203) 507-6047
Source:
Kw
Added: Jul 17, 2025
Changed: Oct 21
Last Checked: Oct 21 at 12:40AM
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 Keller Williams Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This is an oversized 2-bedroom apartment located on the first floor. It features a spacious living room, a formal dining room, and a foyer. The kitchen has been updated and includes new appliances. The apartment also has a modern bathroom and includes one off-street parking space. The property is located near Yale University, hospitals, parks, shops, and public transportation, providing convenient access to New Haven amenities. Applications must be submitted through Rent Spree, and applicants are required to have a minimum credit score of 650 with no prior evictions. The property size is 1438 square feet.
Key Highlights
- Convenient location near Yale, hospitals, parks, shops, and public transportation.
- Updated kitchen with new appliances.
- Spacious living room and formal dining room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,523
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,460
$450.5K
Cap Rate 7%
$321,757
$321.8K
Cap Rate 9%
$250,256
$250.3K
Market Conditions
NOI Build-Up for 1,438 SF
Gross rent
$43.7K $30.36/SF
− Vacancy
−$2.7K −$1.88/SF
EGI
$41.0K $28.48/SF
− OpEx
−$18.4K −$12.81/SF
NOI
$22.5K $15.66/SF
Area
New Haven, CT
Vacancy
6.20%
Lease Rate
$30.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$450,460
Cap Rate 7%
$321,757
Cap Rate 9%
$250,256
Alternative Uses
Best Use
Apartment 5plus
$321.8K
$281.5K – $375.4K
NOI $22,523 @ 7.0% cap · market cap 1,072.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$462.6K
$404.8K – $539.7K
NOI $32,380 @ 7.0% cap · market cap 1,541.90%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,327
Businesses Nearby
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Oversized 2-bedroom apartment near Yale, hospitals, and transportation.
Where is this apartment building located?
The property is located at 360 Sherman Avenue New New Haven, CT.
What are key features of this property?
This property features: Convenient location near Yale, hospitals, parks, shops, and public transportation.; Updated kitchen with new appliances.; Spacious living room and formal dining room.
