Mixed-Use Retail and Office
For Sale
$975,000
644 Ferry Street, New Haven, CT 06513
COMMERCIAL - New Haven, CT
Property Size3,006 SF
Lot Size0.07 Acres
Price / SF$324.35
Days on Market47
Property Features for 644 Ferry Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
BA
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Lot features
Level Lot
Directions
use GPS
Subdivision
Fair Haven
Standard status
Active
Size
3,006 SF
Lot size
0.07 Acres
Taxes and HOA fees
Tax Year
2027
Tax Annual Amount
10300
Utilities
Sewer type
Public Sewer
Cooling system
Central Air
Water source
Public
Building Details
Year built
1900
Listing Agency:
Houlihan Lawrence WD
(203) 701-4848
Listed By:
Frank D'Ostilio · License #REB.0789479
(203) 641-7072
Added: Jun 16
Changed: Jul 29
Last Checked: Aug 1 at 12:06PM
MLS# 24184288
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.
Investment Insights
Based on property information with market context.
This mixed-use commercial building totals approximately 3,006 square feet and includes a deli tenant operating on a month-to-month lease alongside office spaces leased under an NNN structure through 2029. The property has separately metered utilities, providing practical separation between tenant operations and building services. The sale also includes a separate parcel identified as 9 Fox Street, which is noted in the remarks as having development potential.
The property is located on Ferry Street in New Haven, CT, and the listing notes proximity to downtown New Haven, major highways, public transportation, and neighborhood amenities. Zoning is listed as BA.
The property is located on Ferry Street in New Haven, CT, and the listing notes proximity to downtown New Haven, major highways, public transportation, and neighborhood amenities. Zoning is listed as BA.
Key Highlights
- Approximately 3,006 SF mixed‑use commercial building on New Haven’s Ferry Street corridor
- Office spaces generate $2,000 per month under a NNN lease through 2029
- Deli tenant operates on a month‑to‑month lease
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 | $68.5k | $22.80 |
| − Vacancy | −$2.7k | −$0.91 |
| EGI | $65.8k | $21.89 |
| − OpEx | −$16.4k | −$5.47 |
| NOI | $49.3k | $16.42 |
3,006 SF · lease $22.80/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$704.9K
$616.8K – $822.4K
NOI $49,346 @ 7.0% cap · market cap 5.06%
Second Best
Office B
$651.3K
$569.9K – $759.9K
NOI $45,591 @ 7.0% cap · market cap 4.68%
Theoretical Best
Office A
$967.0K
$846.1K – $1.13M
NOI $67,687 @ 7.0% cap · market cap 6.94%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,133
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 06513, CT
38,618
Population
17,006
Households
2.3
Avg Household Size
36
Median Age
19%
College-Educated
80%
High-School Grad
7.2 sq mi
ZIP Area
5,364
Density / Sq Mi
$46,520
Median Household Income
$38,369
Median Earnings
$1,208
Median Rent
$226,600
Median Home Value
Market
Vacancy Rate% for Office in New Haven, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial building with separately metered utilities, deli month-to-month space, and office units on a NNN lease through 2029.
Where is this conventional restaurant located?
The property is located at 644 Ferry Street New Haven, CT.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Approximately 3,006 SF mixed‑use commercial building on New Haven’s Ferry Street corridor; Office spaces generate $2,000 per month under a NNN lease through 2029; Deli tenant operates on a month‑to‑month lease
