Mixed-Use Property with Retail
For Sale
Contact for pricing
926-942 Chapel St, New Haven, CT 06510
Downtown building with occupied retail space, vacant upper floors, and redevelopment potential for residential apartments.
Property Size44,307 SF
Price / SF$214.41
Days on Market61
Property Features for 926-942 Chapel St
General Information
Standard status
Active
Size
44,307 SF
Property subtype
Mixed Use, Retail
Zoning
BD
Investment Type
Value Add
Additional Details
Corner Location
Yes
Building Details
Buildings
2
Tenancy
Multi
Listing Agency:
Dow Realty Co.
Listed By:
Jeff Dow · License #CT REB.0751465
Source:
Crexi
Added: Aug 6
Changed: Sep 22
Last Checked: Oct 4 at 8:31AM
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 Dow Realty Co.
Investment Insights
Based on property information with market context.
This 44,307-square-foot mixed-use property occupies a corner position at Chapel Street and Temple Street in downtown New Haven. The building includes retail space leased to ten in-place tenants, while the upper floors are vacant and identified for potential conversion into residential apartments. The property is zoned BD.
The asset sits directly across from the New Haven Green and diagonally opposite Yale University's Old Campus. Its location is approximately 2 hours north of New York City and 2 hours south of Boston, placing the property within a prominent downtown civic and university setting.
The asset sits directly across from the New Haven Green and diagonally opposite Yale University's Old Campus. Its location is approximately 2 hours north of New York City and 2 hours south of Boston, placing the property within a prominent downtown civic and university setting.
Key Highlights
- 44,307‑square‑foot mixed‑use property
- Ten in‑place retail tenants
- Vacant upper floors identified for residential apartment redevelopment
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$639,775
Cap Rate
6.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,795,500
$12.8M
Cap Rate 7%
$9,139,643
$9.1M
Cap Rate 9%
$7,108,611
$7.1M
Market Conditions
NOI Build-Up for 44,307 SF
Gross rent
$957.0K $21.60/SF
− Vacancy
−$43.1K −$0.97/SF
EGI
$914.0K $20.63/SF
− OpEx
−$274.2K −$6.19/SF
NOI
$639.8K $14.44/SF
Area
New Haven, CT
Vacancy
4.50%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$12,795,500
Cap Rate 7%
$9,139,643
Cap Rate 9%
$7,108,611
Alternative Uses
Best Use
Retail
$9.14M
$8.00M – $10.66M
NOI $639,775 @ 7.0% cap · market cap 6.73%
Second Best
Mixed Use
$8.73M
$7.64M – $10.19M
NOI $611,437 @ 7.0% cap · market cap 6.44%
Theoretical Best
Office A
$14.25M
$12.47M – $16.63M
NOI $997,673 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9,831
Businesses Nearby
134k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Electronics 24%
Shops & Services 18%
Apparel 10%
Apple Store
Electronics
32,282 visits/mo
0.4 miles
Dunkin' Donuts
Dining
27,953 visits/mo
0.4 miles
Bank of America
Shops & Services
14,466 visits/mo
0.4 miles
Olive's
Dining
11,610 visits/mo
0.2 miles
SUBWAY
Dining
7,612 visits/mo
0.4 miles
Demographics for 06510, CT
4,409
Population
2,953
Households
1.5
Avg Household Size
29
Median Age
82%
College-Educated
96%
High-School Grad
0.3 sq mi
ZIP Area
14,697
Density / Sq Mi
$63,598
Median Household Income
$55,591
Median Earnings
$1,908
Median Rent
$495,500
Median Home Value
Market
Vacancy Rate% for Retail in New Haven, CT
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown building with occupied retail space, vacant upper floors, and redevelopment potential for residential apartments.
Where is this mixed-use property located?
The property is located at 926-942 Chapel St New Haven, CT.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: 44,307‑square‑foot mixed‑use property; Ten in‑place retail tenants; Vacant upper floors identified for residential apartment redevelopment
