Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    745 George St, Unit 2 New Haven, CT 06511

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,600 /Mo ($5 SF/Yr)

    Bright 3-bedroom apartment near Yale, downtown, and hospitals.

    Property size:
    3,417 SF
    Lot size:
    0.09 Acres

    Property Features for 745 George St

    General Information

    Size
    3,417 SF
    Lot size
    0.09 Acres

    Building Details

    Year built
    1900

    We can help!

    Listing Contact
    Santo Gulino
    Source: Kw

    Listing Agent: Santo Gulino

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Spacious Apartment in Central Location

    This bright and spacious 3-bedroom apartment, identified as Unit #2, is located in New Haven. The property features hardwood floors and large windows that provide ample natural light. The unit includes a full kitchen and offers the convenience of off-street parking. The apartment is positioned close to Yale University, downtown New Haven, several hospitals, and public transportation options. The property size is 3417 square feet and is available for immediate move-in.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9478355
    Latitude
    41.3104359

    Nearby Similar for Lease

    • $10,000 /Mo
      5,187 SF

      Renovated Commercial Space in Hamden

      5,187 SF renovated commercial space available for immediate occupancy.
      2259 State St, Hamden, CT 06517
      View Details
    • $500 /Mo
      16,000 SF

      Historic Bank Building Office Spaces

      Dynamic office spaces in a prestigious, upgraded historic bank building.
      1 Circular Ave, Hamden, CT 06514
      View Details
    • $16 SF/Yr
      3,200 SF

      Prime Hamden Office/Retail Space

      3200 SF office/retail space in high-traffic Hamden location.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • $17 SF/Yr
      3,400 SF

      New Haven Retail/Office Space

      3400 SF retail or office space near major universities.
      59 Amity Rd, New Haven, CT 06515
      View Details
    • $3,000 /Mo
      2,200 SF

      Prime Retail Space in New Haven

      2200+ sq ft retail space in Wooster Square.
      900 Grand Ave, New Haven, CT 06511
      View Details
    • New
      $995 /Mo
      146 SF

      Premium Office Space in New Haven

      Modern office space in downtown New Haven with networking opportunities.
      195 Church St, New Haven, CT 06516
      View Details
    • $14 SF/Yr
      1,720 SF

      Hamden Office Space For Lease

      Well-designed office suite with private entrance and ample parking.
      10 Broadway, Hamden, CT 06518
      View Details
    • $3,700 /Mo
      72,310 SF

      East Haven Office Space Available

      3,200 SF office space with functional layout for lease.
      182 Commerce St, East Haven, CT 06512
      View Details
    • $16 SF/Yr
      2,560 SF

      Prime Hamden Commercial Space Available

      High-traffic Hamden location, ideal for office or retail use.
      2340 Whitney Ave, Hamden, CT 06518
      View Details
    • New
      $2,200 /Mo
      1,621 SF

      Hamden Office Space For Lease

      Office space in Hamden with parking and modification options.
      3848 Whitney Ave, Hamden, CT 06518
      View Details
    • $2,200 /Mo
      11,800 SF

      Retail/Office Space in Hamden, CT

      850 SF retail/office space in high-traffic Hamden location.
      2348 Whitney Ave, Hamden, CT 06518
      View Details
    • $1,500 /Mo
      1,300 SF

      West Haven Commercial Space Available

      1300 SF commercial space ideal for warehouse or distribution.
      215 Tuthill St, West Haven, CT 06516
      View Details

    FAQs

    What type of property is this?
    Apartment building - Bright 3-bedroom apartment near Yale, downtown, and hospitals.
    Where is this apartment building located?
    The property is located at 745 George St, Unit 2 New Haven, CT.
    What is the lease rate?
    The lease rate is $5 SF/Yr.
    What are key features of this property?
    This property features: - Prime Location: In the heart of New Haven, close to Yale, downtown, hospitals, and public transportation.; - Spacious 3-Bedroom Apartment: Offers ample living space.; - Off-Street Parking: Provides convenient and secure parking.
    (860) 344-1658
    Request Owner's contact information
    745 George St, Unit 2 New Haven, CT 06511
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    745 George St, Unit 2
    New Haven, CT 06511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    745 George St, Unit 2 New Haven, CT 06511
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Santo Gulino
    Real Estate License ID: RES.0782992
    (860) 344-1658
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.