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35 Union St
New London, CT 06320
Crocker House · Multifamily Property For Sale
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81 Units
Investment Highlights
- Rare opportunity to own The Crocker House a landmark mixed-use investment prop anchoring the corner of Union & State Streets in downtown New London
- The property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College.
- 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom.
Executive Summary
Rare opportunity to own The Crocker House, a landmark mixed-use investment property anchoring the corner of Union and State Streets in downtown New London. Originally constructed in 1872 as a five-story luxury hotel and thoughtfully maintained over the years, this iconic red-brick building offers three distinct income streams under one roof: 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom. Recent improvements include updated kitchens, modern flooring, elevator service to all floors, and convenient on-site laundry facilities on every level. Select upper-floor apartments offer sweeping views of the Thames River and downtown harbor. Ideally situated just steps from Union Station (Amtrak and Shore Line East), the waterfront, and City Pier, the property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College. Located within the historic downtown district of New London, The Crocker House represents a true trophy asset blending diversified income, long-term investment stability, and irreplaceable historic character in one of southeastern Connecticut's most recognizable buildings.
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Fireplace
- Microwave
- Ceiling Fans
- Ice Maker
- Refrigerator
- Views
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Security System
- Gated
- Car Charging Station
- Elevator
- Smoke Detector
- On-Site Security Staff
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 25 | - | 400 - 500 |
| 1+1 | 51 | - | 500 - 725 |
| 2+1 | 5 | - | 800 - 950 |
Property Taxes
| Parcel Number | NLON-000028-000143-000001 | Improvements Assessment | $4,732,600 |
| Land Assessment | $210,300 | Total Assessment | $4,942,900 |
Property Taxes
Parcel Number
NLON-000028-000143-000001
Land Assessment
$210,300
Improvements Assessment
$4,732,600
Total Assessment
$4,942,900
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