430 Forbes Avenue, New Haven, CT 06512
- Added:
- Jul 22, 2025
- Days on Market:
- 325
- Last Refresh:
- Jun 11 at 12:06 am
Property Features for 430 Forbes Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- BA
- Security features
- Security System
- Interior features
- Security System
- Standard status
- Pending
- Size
- 2,600 SF
- Lot size
- 0.35 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 19358
Utilities
- Sewer type
- Public Sewer
- Cooling system
- Central Air
- Water source
- Public
Building Details
- Year built
- 1982
Listing agent Lawrence Madow License #RES.0423090 (203) 265-1821
Listing office Calcagni Real Estate 36 N Main Street, Cheshire, CT (203) 265-1821
Listing date Jul 22, 2025
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Freestanding commercial building on a prominent corner lot.
- Long‑term tenant (Citizens Bank) provides stable income.
- Generates approximately $68,000 in gross annual income.
- Income escalates to $70,000 in June 2026.
- Minimal operating expenses ensure strong return.
- Security system installed.
Overview
Local Financial Insights For Specialty Retail
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 | $59.3k | $22.80 |
| − Vacancy | −$2.4k | −$0.91 |
| EGI | $56.9k | $21.89 |
| − OpEx | −$14.2k | −$5.47 |
| NOI | $42.7k | $16.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- New Haven
- County
- New Haven
- State
- Connecticut
- Longitude
- -72.8937595
- Latitude
- 41.2904348
