Triplex with Vacant
92 Asylum, New Haven, CT 06519
For Sale
New
$499,999
Two upper-floor apartments are occupied, while the ground-floor residence is vacant and needs work before occupancy.
Property Size1,900 SF
Price / SF$202.84
Days on Market4
Property Features for 92 Asylum
General Information
Standard status
Size
Property subtype
Lease Term
Site & Location
Neighborhood
Additional Details
Tenant in Place
Building Details
Building Size
Year Built
Listing Agency:
Roundtree Realty LLC
(475) 227-4312
Listed By:
Jacob Mochkin · License CT RES.0834521
(347) 981-0571
Source:
Iverty
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:34PM
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 Roundtree Realty LLC
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Investment Insights
Based on property information with market context.
This three-unit property contains 2,465 square feet and was built in 1900. The first-floor apartment is vacant and requires work before it can be occupied; the second- and third-floor apartments are occupied.
The property is near Yale New Haven Hospital, Yale University, and downtown New Haven. Nearby downtown destinations include restaurants, cafes, shops, museums, theaters, and the New Haven Green.
The property is near Yale New Haven Hospital, Yale University, and downtown New Haven. Nearby downtown destinations include restaurants, cafes, shops, museums, theaters, and the New Haven Green.
Key Highlights
- 2,465‑square‑foot triplex built in 1900
- First‑floor apartment is vacant and requires work before occupancy
- Second- and third‑floor apartments are occupied
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,491
Cap Rate
8.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,820
$829.8K
Cap Rate 7%
$592,729
$592.7K
Cap Rate 9%
$461,011
$461.0K
Market Conditions
NOI Build-Up for 2,465 SF
Gross rent
$63.6K $25.80/SF
− Vacancy
−$4.3K −$1.75/SF
EGI
$59.3K $24.05/SF
− OpEx
−$17.8K −$7.21/SF
NOI
$41.5K $16.83/SF
Area
New Haven, CT
Vacancy
6.80%
Lease Rate
$25.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$829,820
Cap Rate 7%
$592,729
Cap Rate 9%
$461,011
Alternative Uses
Best Use
Multifamily LT 5
$592.7K
$518.6K – $691.5K
NOI $41,491 @ 7.0% cap · market cap 8.30%
Second Best
Apartment 5plus
$551.6K
$482.6K – $643.5K
NOI $38,609 @ 7.0% cap · market cap 7.72%
Theoretical Best
Office A
$792.9K
$693.8K – $925.1K
NOI $55,505 @ 7.0% cap · market cap 11.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
7,832
Businesses Nearby
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Business Placement
Demographics for 06519, CT
15,450
Population
6,424
Households
2.4
Avg Household Size
33
Median Age
20%
College-Educated
77%
High-School Grad
1.8 sq mi
ZIP Area
8,583
Density / Sq Mi
$44,394
Median Household Income
$29,745
Median Earnings
$1,356
Median Rent
$247,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Triplexes in New Haven, CT
Properties on Market for Triplexes in New Haven
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Triplex - Two upper-floor apartments are occupied, while the ground-floor residence is vacant and needs work before occupancy.
Where is this triplex located?
The property is located at 92 Asylum New Haven, CT.
What is the asking price?
The asking price for this property is $499,999.
What are key features of this property?
This property features: 2,465‑square‑foot triplex built in 1900; First‑floor apartment is vacant and requires work before occupancy; Second- and third‑floor apartments are occupied
