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Property profile & analytics
OFF-MARKET Estimated value $985,000
Showrooms

841 Chapel St New Haven, CT 06510-3035

7,592 SF 0.12 ac lot Built 1900
Entity Owned ~ Est. High Equity
Property ID
US15-0146072
Property summary
AI-generated overview

This exceptional retail space, located at 841 Chapel Street in New Haven, Connecticut, offers 2,000 to 5,000 square feet of street-level commercial area. The property, built in 1900, is a three-story building totaling 12,740 square feet and sits on a 0.12-acre lot. The space features a wide-open floor plan, ideal for a variety of retail uses, and includes a matching basement for ample storage. Its prime location in a high-traffic area of downtown New Haven offers excellent visibility and accessibility. The property benefits from its proximity to a significant new 162-unit student housing development (completion expected in 2024) across the street, the popular Elm City Market one block away, and the 360 State high-rise with 500 residential units. Furthermore, its location is within walking distance of Yale University's campus, the New Haven Green, and Yale New Haven Hospital, ensuring a large and diverse potential customer base. The building has a 400-amp power supply and is zoned BD1. The minimum divisible space is 2,000 square feet, with a maximum contiguous space of 5,000 square feet. The lease rate is $22 per square foot, NNN. This presents a unique opportunity for businesses seeking a vibrant and well-connected location in a thriving urban environment. The property is a single building with multiple tenancies.

Property profile
Verified
Property type Showrooms
Use group SHOW ROOM, WAREHOUSE
Year built 1900
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,592 SF
Lot 0.12 ac (5,227 SF)
Zoning code BD
APN NHVN M:240 B:0255 L:01700
UPID US15-0146072
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
Current use
Occupant on record · Public records
  • Zakka (Bike/Boat/Book/etc) Store
  • Zakka Yale (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$985k
Owner & transaction history
Keren Luxury LLC
Keren Luxury LLC
since 2025
7 recorded transactions
2025
Price N/A
2022
Price N/A
2011
$390,000
2011
Price N/A
2008
Price N/A
2006
Price N/A
2004
Price N/A
Zoning & alternative use
BD · New Haven, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

This district comprises the main downtown section of the city, known in planning terms as the Central Business District. Here are concentrated activities that have primarily a citywide and regional function: large stores offering comparison shopper's goods, specialty stores, business services, banks, offices, theaters, hotels and government buildings

Zone name Central Business
General category CIVIC_INSTITUTIONAL
Zone area 105.57 ac
Source Realmo
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