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446A Blake St 45,857 SF 100% Leased Office Building New Haven, CT 06515 $3,750,000 ($81.78/SF)
EXECUTIVE SUMMARY
Northeast Private Client Group is pleased to present 446A Blake Street, an approved 144-unit development project in the Westville neighborhood of New Haven.
The completed project will encompass a total of 144 units in three proposed phases. Phase 1 is a ground-up, new construction 55-unit building. Phase 2 is an adaptive reuse of an existing historic office building with 36 units. Phase 3 will be a ground-up, new construction building with 53 units. The approved plan includes 36,004 square feet of open space.
The site is located on Blake Street in the Westville neighborhood of New Haven. The site is easy walking distance to the Village of Westville, the major dining and artery of the neighborhood. The site is less than 1 mile from the Southern Connecticut State University Campus, and is 1.5 Miles from Route 15.
New Haven is an extremely tight rental market with vacancy around 3%. It benefits from the continued investment of Yale and Yale New Haven Hospital and a burgeoning life science sector. Recent new developments are being absorbed into the market quickly.
Westville offers a more affordable rent than downtown properties while offering an excellent quality of life for residents.
The completed project will encompass a total of 144 units in three proposed phases. Phase 1 is a ground-up, new construction 55-unit building. Phase 2 is an adaptive reuse of an existing historic office building with 36 units. Phase 3 will be a ground-up, new construction building with 53 units. The approved plan includes 36,004 square feet of open space.
The site is located on Blake Street in the Westville neighborhood of New Haven. The site is easy walking distance to the Village of Westville, the major dining and artery of the neighborhood. The site is less than 1 mile from the Southern Connecticut State University Campus, and is 1.5 Miles from Route 15.
New Haven is an extremely tight rental market with vacancy around 3%. It benefits from the continued investment of Yale and Yale New Haven Hospital and a burgeoning life science sector. Recent new developments are being absorbed into the market quickly.
Westville offers a more affordable rent than downtown properties while offering an excellent quality of life for residents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Office
Building Size
45,857 SF
Building Class
B
Year Built/Renovated
1905/2007
Price
$3,750,000
Price Per SF
$81.78
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
16,925 SF
Building FAR
0.56
Lot Size
1.88 AC
Zoning
IL - Industrial
Parking
107 Spaces (2.05 Spaces per 1,000 SF Leased)
AMENITIES
- Central Heating
- Air Conditioning
1 1
Walk Score®
Very Walkable (87)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | NHVN-000372-001159-000101 | Improvements Assessment | $1,102,850 |
| Land Assessment | $770,210 | Total Assessment | $1,873,060 |
PROPERTY TAXES
Parcel Number
NHVN-000372-001159-000101
Land Assessment
$770,210
Improvements Assessment
$1,102,850
Total Assessment
$1,873,060
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446A Blake St
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