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    47 Elm St New Haven, CT 06510

    For Lease
    $24 SF/Yr

    1,135 sq ft Office Space, Downtown New Haven

    Lot size:
    1,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 1,135-square-foot office condo is located in the historic Imperial Granum-Joseph Parker Building (also known as the Del Monico Building) at 47 Elm Street, New Haven, Connecticut. Built in 1877, this building boasts one of the city's last remaining cast-iron facades and is situated in the vibrant downtown area. The second-floor unit offers convenient access via elevator (Orange Street lobby) or stairwell (Elm Street entrance), with internal access to 51 Elm Street. The flexible layout includes space for a reception area, conference room, bullpen, and a large executive office. Hallway bathrooms are secured with keyed entry. The annual lease rate is $24 per square foot, plus utilities (electric and gas). Water and common area cleaning are included. This prime location offers excellent visibility and foot traffic, surrounded by established businesses. It's minutes from The New Haven Green, Yale University, courthouses, dining, shopping, and I-91/I-95. Ample parking is available, including on-street metered parking, a nearby monthly parking lot ($175/month), and a private parking spot ($125/month) offered by the landlord. This property is perfect for professional services firms seeking a blend of historic charm and modern functionality in a highly desirable location. The property is a single-tenant space in New Haven County.

    Property Features for 47 Elm St

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    1,135 SF

    Building Details

    Year Built
    1877

    Unit(s) available at that property

    Space
    Size
    1,135 SF
    Rate per SF
    $24

    HighLights

    • 1,135 sq. ft. office condo for lease in New Haven, CT.
    • Located in the historic Del Monico Building, featuring a cast‑iron facade.
    • Second‑floor unit with elevator and stair access.
    • $24/sq. ft./year, plus utilities (water & common area cleaning included).
    • Abundant nearby parking options, including on‑street, nearby lots, and a private lot option.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Imperial Granum-Joseph Parker ... Historical Landmark DelMonico Hatter Hat Shop

    Suggested Use

    Realty agency Spa & Massage Restaurant Dental Office Hair Salon Law Firm Nail Salon Building Supply Clothing Store 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
    -72.922482454123
    Latitude
    41.307493191117

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    FAQs

    What type of property is this?
    Office Property / Space - 1,135 sq ft Office Space, Downtown New Haven
    Where is this office property / space located?
    The property is located at 47 Elm St New Haven, CT.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 1,135 sq. ft. office condo for lease in New Haven, CT.; Located in the historic Del Monico Building, featuring a cast-iron facade.; Second-floor unit with elevator and stair access.
    Request Owner's contact information
    47 Elm St New Haven, CT 06510
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    Realmo Value Estimation

    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.

    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.

    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
    47 Elm St New Haven, CT 06510
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