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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Residential income homes
164 Spg St New Haven, CT 06519-2117
Entity Owned
1-yr Hold
Property ID
US15-1063016
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1918
Total area
3,780 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM2
APN
NHVN M:275 B:0037 L:00500
UPID
US15-1063016
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
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$387k
Blend (final)
Blend
$540k
Owner & transaction history
Banim Ct LLC · 1 yrs held
Banim Ct LLC
since 2024
Last sale
$540,000
7 recorded transactions
Zoning & alternative use
RM2 · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$410,000
+12.4%
Retail stores
$400,000
+10.6%
Commercial (general)
$365,000
+0.1%
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
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$365,000
Current use
OFFICE BUILDING
$410,000
Change: +12% · Conversion: Moderate
RETAIL STORES
$400,000
Change: +11% · Conversion: Difficult
COMMERCIAL (GENERAL)
$365,000
Change: +0% · Conversion: Moderate
AUTO REPAIR, GARAGE
$345,000
Change: -6% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $540k (Sep 11 2024)
Last sale anchor
$540k
Sep 11 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
$143 / 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
$9,581
Tax year 2024
Assessed value
$248,850
Assessed 2024
Previous assessed
$248,850
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$24,360
Assessed improvement
$224,490
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1918
Heating
HOT WATER
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
6
Total area
3,780 SF
Lot
0.15 ac (6,534 SF)
Zoning code
RM2
APN
NHVN M:275 B:0037 L:00500
UPID
US15-1063016
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
$365,000
OFFICE BUILDING
Est. value
$410,000
RETAIL STORES
Est. value
$400,000
COMMERCIAL (GENERAL)
Est. value
$365,000
AUTO REPAIR, GARAGE
Est. value
$345,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RETAIL STORES
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1918
Heating
HOT WATER
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
6
Lot
0.15 ac
Current owner
From public records · entity-resolved
Banim Ct LLC
Entity
Mailing address
164 SPG ST #2, NEW HAVEN, CT 06519-2117
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$540,000
Banim Ct LLC
Ocean 100 Delaware LLC
Warranty Deed
$436,000 · Bpl Mortgage Trust LLC
May 25, 2012
$112,500
Alpha Real Estate LLC
Supreme Acquisitions LLC
Warranty Deed
—
Apr 26, 2012
$70,000
Supreme Acquisitions LLC
Soundview Home Loan T
Grant Deed
$170,000 · Highland Financial Assoc LLC
Feb 17, 2012
—
Wells Fargo Bank NA
Stfort,jean
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Apr 2, 2007
$347,000
Jean Stfort
164-166 Spring Street LLC
Warranty Deed
$277,600 · Option One Mortgage Corp
Apr 2, 2007
—
Jean Stfort
—
Deed Of Trust
related
$69,400 · Option One Mortgage Corp
Jan 22, 2003
$120,000
164-166 Spring Street LLC
Citifinancial Mtg Co
Warranty Deed
—
May 24, 2002
—
Assoc Fncl Svcs
Mendozo,luis
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Oct 20, 1998
$116,000
Luis Mendoza
Soto,edwin A
Warranty Deed
$98,600 · Sears Mortgage Corp
Nov 1, 1996
$1,800
Edwin A Soto
Bueno,jefferson
Grant Deed
$77,600 · Commonwealth United Mtg Co
Apr 26, 1996
$3,000
Jefferson Bueno
Dime Savings Bank Ny
Grant Deed
related
—
May 6, 1987
$120,000
Lila Snyder
Chapman,peter
Grant Deed
$96,000 · Dime Real Estate Svcs
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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