Your email has been sent.
240 Winthrop Ave 4.99 Acres of Residential Land in New Haven, CT 06511
Investment Highlights
- 4.99 Acres
- Re-Development Site
- Highway Access
- 405 Ft Frontage
- Prior PDD designation
- Multifamily Zoned
Executive Summary
The combination of approximately five acres of land, an urban infill location, and access to major institutional and employment centers makes 240 Winthrop a distinctive development opportunity within the New Haven market.
PROPERTY HIGHLIGHTS
• Approximately 4.99 acres
• PDD 127 zoning
406 Ft Frontage on Winthrop Ave
50 Ft Frontage on George St
• Substantial urban development site
• Multifamily development opportunity
• Located within an established New Haven residential neighborhood
• Convenient access to Yale University
• Proximity to Yale New Haven Hospital, St Rapheal's Hospital Campus and the Adams Neurosciences Center
• Convenient to Yale University, University of New Haven and Southern Connecticut State University, Albertus Magnus
• Access to major employment, healthcare, educational, retail, dining, and transportation destinations
• Opportunity to develop housing within one of Connecticut’s principal employment and institutional markets
Additional property information and due diligence materials are available upon request.
Property Facts
1 Lot Available
Lot
| Lot Size | 4.99 AC |
| Lot Size | 4.99 AC |
240 Winthrop | 4.99-Acre Multifamily Development Opportunity | New Haven, CT
Description
4.99 Acres - ZONING – PLANNED DEVELOPMENT DISTRICT (PDD 127) The property is located within New Haven Planned Development District No. 127 (PDD 127). New Haven’s Planned Development District framework is intended to accommodate the coordinated development or redevelopment of substantial sites as integrated projects, allowing development standards to be established through an approved planned development process. PDD 127 provides a site-specific zoning framework that should be evaluated in conjunction with the district’s approved plans, applicable City of New Haven zoning requirements, and any subsequent approvals or modifications required for a purchaser’s proposed development. INCLUSIONARY ZONING - Residential redevelopment should also be evaluated under the City of New Haven Inclusionary Zoning Ordinance, adopted in 2022. The ordinance is intended to increase the supply of affordable housing in conjunction with qualifying market-rate residential development. Depending upon the property's applicable Inclusionary Zoning classification and the scope of the proposed development, qualifying projects may be required to provide designated affordable dwelling units, make an applicable in-lieu contribution, or utilize a combination of compliance options as permitted by the ordinance. The City’s Inclusionary Zoning requirements include affordability restrictions and other standards governing qualifying residential projects. The combination of the property's 4.99-acre site, PDD 127 designation, and location within New Haven's major institutional and employment market provides prospective developers with an opportunity to evaluate a substantial multifamily development program within the City's current housing and land-use framework. Prospective purchasers should independently confirm the requirements of PDD 127, Inclusionary Zoning applicability, permitted uses, density, unit count, dimensional standards, parking requirements, affordable housing obligations, and all required municipal approvals with the City of New Haven.
Property Taxes
| Parcel Number | NHVN-000339-000190-002300 | Improvements Assessment | $1,653,610 |
| Land Assessment | $457,520 | Total Assessment | $2,111,130 |
Property Taxes
Contact the Sale Advisor
240 Winthrop Ave