Four-Unit Multifamily
For Sale
$774,900
97-99 Greenwich Ave, New Haven, CT 06519
Four residential units with off-street parking near downtown New Haven and public transportation.
Property Size3,840 SF
Lot Size0.17 Acres
Price / SF$201.80
Days on Market49
Property Features for 97-99 Greenwich Ave
General Information
Standard status
Active
Size
3,840 SF
Total Parking Spaces
6
Lot size
0.17 Acres
Property subtype
Commercial
Site & Location
Neighborhood
Hill
Additional Details
Multifamily Units
4
Building Details
Year Built
1930
Listing Agency:
Coldwell Banker Realty
(203) 733-4226
Listed By:
Linda Edelwich Team
(860) 818-3610
Source:
Agentsonmain
Added: Sep 8
Changed: Oct 25
Last Checked: Oct 24 at 5:28PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This four-unit multifamily property at 97-99 Greenwich Avenue includes approximately 3,840 square feet of living space on a 0.17-acre lot. Constructed in 1930, the property is offered in its current condition and is being sold as-is. Approximately six off-street parking spaces are provided.
The property is near downtown New Haven, hospitals, universities, shopping, dining, major highways, and public transportation. Buyers are responsible for conducting due diligence regarding unit configuration, legal unit count, zoning, permitted use, permits, utilities, taxes, rental information, and overall property condition.
The property is near downtown New Haven, hospitals, universities, shopping, dining, major highways, and public transportation. Buyers are responsible for conducting due diligence regarding unit configuration, legal unit count, zoning, permitted use, permits, utilities, taxes, rental information, and overall property condition.
Key Highlights
- Four residential units in a multifamily property
- Approximately 3,840 square feet on a 0.17‑acre lot
- Approximately six off‑street parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$64,635
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,292,700
$1.3M
Cap Rate 7%
$923,357
$923.4K
Cap Rate 9%
$718,167
$718.2K
Market Conditions
NOI Build-Up for 3,840 SF
Gross rent
$99.1K $25.80/SF
− Vacancy
−$6.7K −$1.75/SF
EGI
$92.3K $24.05/SF
− OpEx
−$27.7K −$7.21/SF
NOI
$64.6K $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%
$1,292,700
Cap Rate 7%
$923,357
Cap Rate 9%
$718,167
Alternative Uses
Best Use
Multifamily LT 5
$923.4K
$807.9K – $1.08M
NOI $64,635 @ 7.0% cap · market cap 8.34%
Second Best
Apartment 5plus
$859.2K
$751.8K – $1.00M
NOI $60,145 @ 7.0% cap · market cap 7.76%
Theoretical Best
Office A
$1.24M
$1.08M – $1.44M
NOI $86,466 @ 7.0% cap · market cap 11.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
608
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Quadplex - Four residential units with off-street parking near downtown New Haven and public transportation.
Where is this quadplex located?
The property is located at 97-99 Greenwich Ave New Haven, CT.
What is the asking price?
The asking price for this property is $774,900.
What are key features of this property?
This property features: Four residential units in a multifamily property; Approximately 3,840 square feet on a 0.17‑acre lot; Approximately six off‑street parking spaces
