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Property profile & analytics
OFF-MARKET
Estimated value
$720,000
Apartment buildings
1561 Chapel St New Haven, CT 06511-4252
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US15-1217662
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1900
Construction
FRAME
Total area
5,058 SF
Lot
0.11 ac (4,871 SF)
Zoning code
RM2
APN
NHVN M:337 B:0239 L:03200
UPID
US15-1217662
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$720k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$451k
Blend (final)
Blend
$720k
Owner & transaction history
Ct 1561 Chapel LLC · 1 yrs held
Ct 1561 Chapel LLC
since 2024
Last sale
$720,000
7 recorded transactions
Zoning & alternative use
RM2 · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$740,000
+15.9%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs New Haven submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs New Haven submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$720,000
ML approach
$720,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$640,000
Current use
RESTAURANT
$740,000
Change: +16% · Conversion: Difficult
COMMERCIAL (GENERAL)
$620,000
Change: -3% · Conversion: Moderate
OFFICE BUILDING
$545,000
Change: -14% · Conversion: Moderate
RETAIL STORES
$535,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$720k
Range $648k – $792k · ±10% · vs last sale $720k (Aug 29 2024)
Last sale anchor
$720k
Aug 29 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$142 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$14,049
Tax year 2024
Assessed value
$364,910
Assessed 2024
Previous assessed
$364,910
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$47,250
Assessed improvement
$317,660
Applied tax rate
306.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
6
Rooms
18
Bathrooms
6
Total area
5,058 SF
Lot
0.11 ac (4,871 SF)
Zoning code
RM2
APN
NHVN M:337 B:0239 L:03200
UPID
US15-1217662
Jurisdiction
NEW HAVEN
Zoning & alternative use
RM2 · New Haven, CT
Zoning RM2 · permitted uses
RM2 · New Haven, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
New Haven. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$640,000
RESTAURANT
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$620,000
OFFICE BUILDING
Est. value
$545,000
RETAIL STORES
Est. value
$535,000
APARTMENT HOUSE (5+ UNITS) Current
RESTAURANT
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
6
Rooms
18
Bathrooms
6
Lot
0.11 ac
Current owner
From public records · entity-resolved
Ct 1561 Chapel LLC
Entity
Mailing address
1561 CHAPEL ST STE #3, NEW HAVEN, CT 06511-4252
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2025
—
Ct 1561 Chapel LLC
—
Deed
related
$1,085,000 · Logan Finance Corp
Oct 21, 2024
—
Ct 1561 Chapel LLC
—
Deed
related
$1,650,000 · Gccg Lending LLC
Aug 29, 2024
$720,000
Ct 1561 Chapel LLC
Ocean 60 LLC
Warranty Deed
$830,000 · Gccg Lending LLC
Mar 28, 2016
—
Adama Real Est Hld LLC
Nash Street New Haven LLP
Warranty Deed
—
Apr 6, 2015
—
Nash Street New Haven LLP
Xu Jianchao
Quit Claim Deed
related
—
Mar 26, 2015
$148,000
Xu Jianchao
Bank New York Mellon
Warranty Deed
—
Mar 12, 2015
—
Bank New York Mellon Tr
Bank New York Mellon Trust|cintron Gina M
Foreclosure
related
—
Apr 25, 2005
—
Gina M Cintron
—
Deed Of Trust
related
$263,600 · Capital Mortgage Corp
Jun 13, 2003
$281,000
Gina M Cintron
Miller,suzanne M
Warranty Deed
$252,900 · Americas Wholesale Loan
Jul 2, 1998
—
Luigi A Lavorgna
—
Deed Of Trust
related
$87,000 · Centex Home Equity Corp
Jun 26, 1998
$93,000
Luigi A Lavorgna
Pucillo,anthony J JR
Warranty Deed
$121,500 · Northeast Mortgage Corp
May 6, 1988
$315,000
Frank Toro JR
Vanacore,raymond R
Grant Deed
$240,000 · Connecticut National Bank
Dec 4, 1987
$510,000
Frank Toro JR.
Iannini,john M
Grant Deed
$408,000 · Union Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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