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    Property profile & analytics

    250 Greene St New Haven, CT 06511-7424

    • Apartment buildings
    • 8,005 SF
    • 0.73 lot acres
    OFF-MARKET
    Value Estimations
    $1,220,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US15-0337224
    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.

    Current Use by Public Records

    • Apartment buildings

    Property Details for 250 Greene St

    Year built
    1959
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.73 lot acres
    Property size
    8,005 SF
    Zone code
    RM2
    Property type
    Apartment buildings
    APN
    NHVN M:208 B:0551 L:00200
    APU
    NHVNM208B0551L00200

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,507,000
      Market price range: $532k - $1.51M
      AI Estimate
      $901,000
      Market price range: $533k - $902k

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $1,010,000
      Current use
      RESTAURANT
      $1,170,000
      Change: +16% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $980,000
      Change: -3% Conversion: Moderate
      OFFICE BUILDING
      $865,000
      Change: -14% Conversion: Moderate
      RETAIL STORES
      $850,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    New Haven
    County
    New Haven
    State
    Connecticut
    Longitude
    -72.9165
    Latitude
    41.3055
    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
    $144,681
    $724,500
    $3,033,450
    $3,757,950
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $585,000
      5,533 SF

      96 Shelton Ave

      APARTMENT HOUSE (5+ UNITS) • 5,533 SF
      96 Shelton Ave, New Haven, CT 06511-1895
      View Details
    • Value Estimation
      $720,000
      5,058 SF

      1561 Chapel St

      APARTMENT HOUSE (5+ UNITS) • 5,058 SF
      1561 Chapel St, New Haven, CT 06511-4252
      View Details
    • Value Estimation by Request
      5,276 SF

      1546 Chapel St

      APARTMENT HOUSE (5+ UNITS) • 5,276 SF
      1546 Chapel St, New Haven, CT 06511-4296
      View Details
    • Value Estimation
      $735,000
      5,568 SF

      111 Wooster St

      APARTMENT HOUSE (5+ UNITS) • 5,568 SF
      111 Wooster St, New Haven, CT 06511-5797
      View Details
    • Value Estimation
      $650,000
      6,428 SF

      25 Read St

      APARTMENT HOUSE (5+ UNITS) • 6,428 SF
      25 Read St, New Haven, CT 06511-1120
      View Details
    • Value Estimation
      $1,730,000
      13,539 SF

      519 Ee St

      APARTMENT HOUSE (5+ UNITS) • 13,539 SF
      519 Ee St, New Haven, CT 06511-3900
      View Details

    Similar Nearby for Sale

    • $619,990
      Pending

      New Haven Multifamily Investment Opportunity

      Spacious 8-bedroom multifamily property in New Haven, Connecticut.
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      Storefront with Multifamily Units ForSale

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      Income-Producing Multifamily Property Near Yale

      Multifamily property with 8 units near Yale Hospital.
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      3,980 SF

      Mixed-Use Property with Rental Apartments

      Storefront with multi-unit apartments and licenses included.
      578 Winchester Ave, New Haven, CT 06511
      View Details
    • $6,995,000
      41,707 SF

      Norton Pointe Apartments: Value-Add Opportunity

      41-Unit Apartment Building, New Haven, CT
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    • Contact for pricing
      32,953 SF

      New Haven Redevelopment Opportunity

      Historic building, prime location, high potential
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    Similar Nearby for Lease

    • $1,850 /Mo

      Two-Bedroom Apartment with Natural Light

      Second-floor apartment featuring two bedrooms and abundant natural light.
      175 Humphrey St, New Haven, CT 06511
      View Details
    • $3,500 /Mo
      Pending

      East Rock Renovated Apartment

      Three-bedroom apartment with renovated kitchen and bathroom in East Rock.
      52 Pearl St, New Haven, CT 06511
      View Details
    • $3,000 /Mo

      Renovated Four-Bedroom Apartment Available

      Spacious, renovated four-bedroom apartment with modern amenities, ready for occupancy.
      517 Winchester Ave, New Haven, CT 06511
      View Details
    • $4,400 /Mo

      East Rock Apartment with Parking

      Spacious 4-bedroom apartment in central East Rock location.
      250 Willow St, New Haven, CT 06511
      View Details
    • $4,400 /Mo

      East Rock Apartment with Parking

      Spacious 4-bedroom apartment in central East Rock location.
      250 Willow St, New Haven, CT 06511
      View Details
    • $3,600 /Mo

      Renovated Apartment Near Downtown New Haven

      Newly renovated 3-bedroom apartment near Yale and Downtown New Haven.
      41 Howe St, New Haven, CT 06511
      View Details
    Request Owner's contact information
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    250 Greene St
    New Haven, CT 06511-7424
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    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
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