New Mixed-Use
For Lease
$13,800,000
414 Mather St, Hamden, CT 06514
Recently built development combines residential units with retail space in Hamden.
Space SizeContact for details
Days on Market28
Property Features for 414 Mather St
General Information
Standard status
Active
Occupancy
70%
Taxes and HOA fees
Annual Taxes
$110,313
Building Details
Year Built
2024
Listing Agency:
Serhant Connecticut, LLC
(203) 545-9966
Listed By:
Carmen Desiato · License #0829879
(203) 545-9966
Source:
Exprealty
Added: Jul 30
Changed: Aug 24
Last Checked: Aug 26 at 10:19AM
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 Serhant Connecticut, LLC
Investment Insights
Based on property information with market context.
Completed in 2024, this mixed-use property at 414 Mather St. includes 37 residential units and 2 retail spaces. The apartment component offers one-bedroom, one-bathroom; two-bedroom, one-bathroom; and two-bedroom, two-bathroom layouts. Residences feature nine-foot ceilings, wide-plank flooring, recessed lighting, private patios or balconies, quartz kitchen counters, stainless steel appliances, custom cabinetry, generous closets, tiled bathrooms, and in-unit stackable washers and dryers.
The property is nearly 70% occupied and currently projects a 6% cap rate. Its Hamden location provides proximity to the Merritt Parkway, Hamden Plaza, shopping, dining, and the Farmington Canal Heritage Trail.
The property is nearly 70% occupied and currently projects a 6% cap rate. Its Hamden location provides proximity to the Merritt Parkway, Hamden Plaza, shopping, dining, and the Farmington Canal Heritage Trail.
Key Highlights
- 37 residential units plus 2 retail spaces
- Built in 2024 with nearly 70% occupancy
- Unit mix includes one‑bedroom and two‑bedroom layouts
Property Analytics
Property Profile
Current Use
Lease Details
70%
Occupancy
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
Business Placement
Demographics for 06514, CT
26,613
Population
11,388
Households
2.3
Avg Household Size
40
Median Age
42%
College-Educated
92%
High-School Grad
11.1 sq mi
ZIP Area
2,398
Density / Sq Mi
$85,227
Median Household Income
$46,594
Median Earnings
$1,633
Median Rent
$250,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Recently built development combines residential units with retail space in Hamden.
Where is this mixed-use property located?
The property is located at 414 Mather St Hamden, CT.
What is the lease rate?
The lease rate is $13,800,000.
What are key features of this property?
This property features: 37 residential units plus 2 retail spaces; Built in 2024 with nearly 70% occupancy; Unit mix includes one‑bedroom and two‑bedroom layouts
