For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic New Haven Church Building Title is generated by Realmo AI

    950 Chapel Street, New Haven, CT 06510

    View on Map
    Claim this Listing
    For Sale
    $2,750,000

    Two-story, 8544 SF building in downtown New Haven.

    Type:Commercial
    Property size:
    8,544 SF
    Lot size:
    0.14 Acres
    Price / SF:
    $321/SF
    Added:
    Sep 2, 2025
    Days on Market:
    276
    Last Refresh:
    Apr 5 at 8:24 pm

    Property Features for 950 Chapel Street

    General Information

    Standard status
    Active
    Size
    8,544 SF
    Lot size
    0.14 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    JEREMY ROSNER

    Listing agent JEREMY ROSNER

    Listing office Levey Miller Maretz LLC

    Listing date Sep 2, 2025

    Source Corcoran

    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 Levey Miller Maretz LLC

    HighLights

    • Prime location on Chapel Street across from Trinity Church and the New Haven Green
    • 8544sf two‑story building with ground floor retail space
    • Versatile potential uses: Religious, Retail, Restaurant, Hospitality, and Multi‑family residential
    • Full usable basement
    • Includes an immaculate prayer chapel and 2nd‑floor offices
    • Located near Yale University, Shake Shack, and other businesses

    Overview

    A historic two-story building at 950 Chapel Street in New Haven is available for sale. Currently the home of The First Church of Christ, Scientist, the 8544-square-foot property features ground floor retail space, a prayer chapel, second-floor offices, and a full usable basement. The property is situated on Chapel Street, across from Trinity Church and the New Haven Green. Potential uses for the property include religious, retail, restaurant, hospitality, and multi-family residential. Nearby businesses and landmarks include Subway, Yale University, Shake Shack, New Haven Taste of China, and Trinity Church.

    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 $194.8k $22.80
    − Vacancy −$7.8k −$0.91
    EGI $187.0k $21.89
    − OpEx −$46.8k −$5.47
    NOI $140.3k $16.42
    8,544 SF · lease $22.80/SF/yr · vacancy 4.00% · expense 25.00%

    Alternative Uses

    Best Use
    Specialty Retail
    $2.00M
    $1.75M – $2.34M (±1% cap)
    NOI $140,258 @ 7.0% cap · market cap 5.10%
    Second Best
    Retail
    $1.76M
    $1.54M – $2.06M (±1% cap)
    NOI $123,372 @ 7.0% cap · market cap 4.49%
    Theoretical Best
    Office A
    $2.75M
    $2.40M – $3.21M (±1% cap)
    NOI $192,388 @ 7.0% cap · market cap 7.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    First Church of Christ, ... Church

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    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
    -72.9276
    Latitude
    41.3067

    FAQs

    What type of property is this?
    Church & religious facility - Two-story, 8544 SF building in downtown New Haven.
    Where is this church & religious facility located?
    The property is located at 950 Chapel Street New Haven, CT.
    What is the asking price?
    The asking price for this property is $2,750,000.
    What are key features of this property?
    This property features: Prime location on Chapel Street across from Trinity Church and the New Haven Green; 8544sf two‑story building with ground floor retail space; Versatile potential uses: Religious, Retail, Restaurant, Hospitality, and Multi‑family residential
    More about this property
    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