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Property profile & analytics
OFF-MARKET
Estimated value
$635,000
Apartment buildings
347 Alden Ave New Haven, CT 06515-2138
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0436928
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Total area
3,108 SF
Lot
0.26 ac (11,176 SF)
Zoning code
RM1
APN
NHVN M:386 B:1136 L:00500
UPID
US15-0436928
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
$635k
CAP Approach
CAP
$750k
Comparable Approach
Comparable
$436k
Blend (final)
Blend
$635k
Owner & transaction history
Hwcii LLC · 1 yrs held
Hwcii LLC
since 2024
Last sale
$635,000
7 recorded transactions
Zoning & alternative use
RM1 · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$530,000
+58.7%
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
$635,000
ML approach
$635,000
CAP Approach
CAP Return
Estimation
6%
$810,000
6.5%
$750,000
7%
$695,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$530,000
Change: +59% · Conversion: Moderate
Blend value · Realmo final
$635k
Range $572k – $699k · ±10% · vs last sale $635k (Oct 1 2024)
Last sale anchor
$635k
Oct 1 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
$204 / 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
$11,494
Tax year 2024
Assessed value
$298,550
Assessed 2024
Previous assessed
$298,550
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$81,760
Assessed improvement
$216,790
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
1910
Heating
FORCED AIR
Buildings
1
Stories
2
Units
5
Bathrooms
5
Total area
3,108 SF
Lot
0.26 ac (11,176 SF)
Zoning code
RM1
APN
NHVN M:386 B:1136 L:00500
UPID
US15-0436928
Jurisdiction
NEW HAVEN
Zoning & alternative use
RM1 · New Haven, CT
Zoning RM1 · permitted uses
RM1 · 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
COMMERCIAL (GENERAL)
Est. value
$530,000
COMMERCIAL (GENERAL)
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
1910
Heating
FORCED AIR
Stories
2
Buildings
1
Units
5
Bathrooms
5
Lot
0.26 ac
Current owner
From public records · entity-resolved
Hwcii LLC
Entity
Mailing address
1605 VOORHIES AVE STE #3, BROOKLYN, NY 11235-3982
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 1, 2024
$635,000
Hwcii LLC
Alden Elm Del LLC
Warranty Deed
—
Jan 20, 2016
—
Sunny Holdings LLC
Super Realty Holdings LLC
Quit Claim Deed
related
—
Nov 18, 2015
$270,000
Super Realty Holdings LLC
Pederson,margaret
Trustees Deed
—
Jan 6, 2015
—
Margaret|silverstein Heidi Pederson
Weinberg,martin
Quit Claim Deed
related
—
Nov 17, 2014
—
Martin Weinberg
Pederson,margaret
Quit Claim Deed
related
—
Jan 13, 2006
—
Margaret Pederson
—
Deed Of Trust
related
$189,787 · Bank Of America
Jul 27, 1992
—
Margaret Pederson
—
Deed Of Trust
related
$225,000 · Shawmut Mtg Co
Jul 1, 1987
$330,000
Martin Weinberg
347 Alden Assoc
Grant Deed
$264,000 · Ct Natl Bk
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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