Property profile

221 Sherman Ave New Haven, CT 06518

OFF-MARKET
Apartment buildings
Property ID
US15-0111154
4,062 SF 0.21 ac lot Built 1920
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Apartment buildings
Use group APARTMENT HOUSE (5+ UNITS)
Year built 1920
Total area 4,062 SF
Lot 0.21 ac (9,174 SF)
Zoning code RM2
APN NHVN M:318 B:0263 L:00200
UPID US15-0111154

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

221 Sherman Ave New Haven, CT 06518-2125
New Haven metro Census 140700 NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$550k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$535k

Owner & transaction history

since 2022
Last sale
$625,000
7 recorded transactions
2022
$625,000
2021
Price N/A
2019
$320,000
2014
Price N/A
2008
Price N/A
2006
$238,500
2003
$204,000

Zoning & alternative use

RM2 · New Haven, CT
Zoning description

These districts exist for the protection of areas that have been and are being developed predominantly for high-middle density dwellings of various types

General category RESIDENTIAL
Top alternative use upside
Commercial (general) $500,000 +14.4%
Office building $440,000 +0.2%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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