Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    157 Lounsbury St Waterbury, CT 06706-1717
    Back to Search
    Property profile & analytics

    157 Lounsbury St, Waterbury, CT 06706-1717

    View on Map
    • Apartment buildings
    • 3,489 SF
    • 0.07 lot acres
    Off-Market
    Last Sale Apr 29, 2024
    $325,000
    Property ID
    US15-0136973
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 157 Lounsbury St

    Year built
    1870
    Lot size
    0.07 lot acres
    Zone code
    RM
    Property type
    Apartment buildings
    APN
    WBRY M:0415 B:0308 L:0090
    APU
    WBRYM0415B0308L0090

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 29, 2024 — 157 Lounsbury Street LLC Yyp Holdings LLC Quit Claim Deed · related —
    Aug 29, 2022 $325,000 Yyp Holdings LLC M3 Management LLC Warranty Deed —
    Jul 26, 2012 $1 M3 Mgmt LLC Wtby 5 Dev LLC Grant Deed · related —
    Jul 26, 2012 — M3 Mgmt LLC — Deed Of Trust · related $75k · Waterbury Housing Fund
    Aug 4, 2011 $25,000 Waterbury 5 Dev LLC Deutsche Bank Natl T Co Warranty Deed —
    Nov 19, 2010 — Deutsche Bank Natl T Co Persaud,channan One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds · related —
    Nov 21, 2006 $245,000 Sanjay Sankar Persaud,channan Warranty Deed $208k · Chase Manhattan Bank
    Nov 21, 2006 — Sanjay Sankar — Deed Of Trust · related $30k · Zenon Grzybowski
    Jun 28, 2006 $245,000 Channan Persaud Mooteran,lollita Warranty Deed —
    Mar 15, 2005 $153,000 Lollita Mooteram Housein,saballi Warranty Deed $115k · Astoria Federal Mortgage Corp
    Jun 17, 1998 — Saballi Hoosein — Deed Of Trust · related $110k · Standard Federal Bank

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Waterbury
    County
    New Haven
    State
    Connecticut
    Longitude
    -73.034
    Latitude
    41.5404
    CBSA code
    35300
    CBSA name
    NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,279
    $42,000
    $186,130
    $228,130
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,145 SF

      1121 Main St

      APARTMENT HOUSE (5+ UNITS)
      1121 Main St, Waterbury, CT 06706-1791
      View Details
    • Value Estimation
      $620,000
      5,508 SF

      35 Pond St

      APARTMENT HOUSE (5+ UNITS)
      35 Pond St, Waterbury, CT 06706-1240
      View Details
    • Value Estimation
      $625,000
      7,832 SF

      550 Baldwin St

      APARTMENT HOUSE (5+ UNITS)
      550 Baldwin St, Waterbury, CT 06706-1504
      View Details
    • Value Estimation by Request
      3,390 SF

      38 Dover St

      Multifamily properties
      38 Dover St, Waterbury, CT 06706
      View Details
    • Value Estimation by Request
      3,745 SF

      28 Hickory St

      APARTMENT HOUSE (5+ UNITS)
      28 Hickory St, Waterbury, CT 06706-1453
      View Details
    • Value Estimation by Request

      61 Dover St

      Multifamily properties
      61 Dover St, Waterbury, CT 06706
      View Details

    Similar Nearby for Sale

    • $2,650,000

      Turn-Key Multifamily Portfolio Opportunity

      25-unit portfolio with strong cash flow and upside potential.
      701 South Main St, Waterbury, CT 06706
      View Details
    • Contact for pricing
      14,720 SF

      Turn-Key Multifamily Portfolio Opportunity

      25-unit portfolio with strong cash flow and upside potential.
      701 S Main St, Waterbury, CT 06706
      View Details
    • Contact for pricing

      Turn-Key Multifamily Portfolio Opportunity

      Six buildings with 25 units in Waterbury's South End.
      701 South Main St, Waterbury, CT 06706
      View Details
    • $329,900

      Fully Occupied Three-Family Property

      Three-family property with value-add opportunity for investors.
      64 South St, Waterbury, CT 06706
      View Details
    • New
      $650,000
      Pending

      Multifamily Building with Rear Parking

      Multifamily building in Waterbury with rear off-street parking and an unfinished basement for added utility space.
      915 S Main St, Waterbury, CT 06706
      View Details

    Similar Nearby for Lease

    • $1,350 /Mo

      Waterbury Apartment with Parking

      Two-bedroom apartment in Waterbury with off-street parking.
      56 Lounsbury Ave, Waterbury, CT 06706
      View Details
    • $1,800 /Mo

      Updated Three Bedroom Apartment

      Updated 3-bedroom apartment with hardwood floors and new appliances.
      69 W Liberty St, Waterbury, CT 06706
      View Details
    • Contact for pricing
      2,822 SF

      Updated Two Bedroom Unit

      Updated 2-bedroom, 1-bath unit with new appliances.
      69 West Liberty St, Waterbury, CT 06706
      View Details
    • $1,900 /Mo
      1,010 SF

      Renovated Four-Bedroom Waterbury Home

      Recently renovated Waterbury home with modern updates and spacious layout.
      29 Madison St, Waterbury, CT 06706
      View Details
    • $1,750 /Mo

      Spacious Three-Bedroom Unit Available

      Third-floor unit with hardwood floors, close to amenities.
      1120 Baldwin St, Waterbury, CT 06706
      View Details
    • Contact for pricing
      2,980 SF

      Spacious Three-Bedroom Apartment

      Bright, updated three-bedroom apartment with new flooring and modern appliances.
      124 Southview St, Waterbury, CT 06706
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    157 Lounsbury St
    Waterbury, CT 06706-1717
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    157 Lounsbury St, Waterbury, CT, 06706
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!