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Property profile & analytics
OFF-MARKET
Apartment buildings
40 Shelton Ave New Haven, CT 06511-1891
Entity Owned
~
Est. High Equity
Property ID
US15-0112358
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1910
Construction
FRAME
Total area
5,661 SF
Lot
0.07 ac (2,940 SF)
Zoning code
RM2
APN
NHVN M:292 B:0391 L:01500
UPID
US15-0112358
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Embavilla LLC
Embavilla LLC
since 2026
Last sale
$208,000
7 recorded transactions
Zoning & alternative use
RM2 · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$10,333
Tax year 2024
Assessed value
$268,380
Assessed 2024
Previous assessed
$268,380
+0.0% YoY
Effective rate
3.85%
On assessed value
Assessed land
$32,270
Assessed improvement
$236,110
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
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
6
Rooms
30
Bathrooms
6
Total area
5,661 SF
Lot
0.07 ac (2,940 SF)
Zoning code
RM2
APN
NHVN M:292 B:0391 L:01500
UPID
US15-0112358
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.
Building & site characteristics
From public records
Year built
1910
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
6
Rooms
30
Bathrooms
6
Lot
0.07 ac
Current owner
From public records · entity-resolved
Embavilla LLC
Entity
Mailing address
40 SHELTON AVE, NEW HAVEN, CT 06511-1891
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2026
$690,000
Embavilla LLC
Altshuler Invest De LLC
Warranty Deed
$517,500 · American Neighborhood Mtg Acceptanc
Dec 7, 2021
—
Altshuler Investments
Abcd Investments De LLC
Quit Claim Deed
related
—
Feb 27, 2020
—
Rtn LLC
1303 Chapel Nh LLC
Quit Claim Deed
related
—
Nov 8, 2019
—
1303 Chapel Nh LLC
Rtn LLC
Quit Claim Deed
related
$231,000 · Sachem Cap Corp
Jan 6, 2015
—
Rtn LLC
Property Realty LLC
Quit Claim Deed
related
—
Dec 31, 2014
—
Property Realty LLC
Shelton Investments LLC
Quit Claim Deed
related
—
Nov 5, 2013
$208,000
Shelton Investments LLC
Dawson,roger H
Warranty Deed
—
Dec 29, 2010
$250,000
Roger Dawson
Steinbach,michael
Warranty Deed
$162,500 · Worth Funding INC
Apr 24, 2008
$1
Michael Steinbach
Constitution Holding LLC
Grant Deed
related
—
Mar 31, 2008
$255,000
Constitution Holding LLC
Bayview Loan Svcng LLC
Warranty Deed
$281,450 · Worth Funding INC
Jul 19, 2007
—
Ottowa Enterprises LLC
—
Deed Of Trust
related
$300,000 · Pf Capital T
May 13, 2003
—
Ottowa Ent LLC
—
Deed Of Trust
related
$144,000 · Interbay Funding LLC
May 23, 2002
—
Conn Housing Co LP
—
Deed Of Trust
related
$29,000 · Lodge LLC
Dec 1, 2000
$20,000
Home Spec Prop Mgm LLC
New Haven Tlc T
Warranty Deed
$24,000 · Arthur Lewis Tr
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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