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82-88 York St 1.55 Acres of Commercial Land Offered at $19,225,000 in New Haven, CT 06511
Investment Highlights
- Directly adjacent to both Yale University and Yale Hospital on New Haven's premium location: York Street.
Executive Summary
Land for development: 1.551 acres
Value without Approvals $38-41. per SF acquisition rate
Entitled Rate: $66.70 per SF acquisition rate per March 2026 comp
Minimum Value 405,370 sf x 66.70. = $ 27,038,179.
Update: June 1, 2026 Comps
With Full or Preliminary Entitlements: 506,712.5 x $66.7 per foot = $33.8 million
UPDATE: June 1,2026: Based upon recent sales, 1144 Chapel Street March 2026 sale in the CBD, the future value is now $66.70 per square foot for a new development
OM https://heyzine.com/flip-book/210a79f468.html
As of Right Floor Area allowed: 405,370 sf
With Inclusionary Zoning: 506,712.5 sf x $38. per foot = $19,255,075. Value without approvals
Update: June 1, 2026 Comps
With Full or Preliminary Entitlements: 506,712.5 x $66.7 per foot = $33.8 million Preliminary approvals are available with a contract to purchase and a non-refundable deposit.
Property Facts
1 Lot Available
Lot
| Price | $19,225,000 | Lot Size | 1.55 AC |
| Price Per AC | $12,403,225.81 |
| Price | $19,225,000 |
| Price Per AC | $12,403,225.81 |
| Lot Size | 1.55 AC |
Land for redevelopment, located in the Medical, Arts and Cultural Campus two blocks from the Chapel Street Museum District, adjacent to the Air Rights Garage at 60 York, and Yale Hospital at 20 York Street. See May 2026 Valuation below.
Description
The current building is a freestanding Walgreens Store with 73 parking spaces and a loading area at grade. This is now available for development, as of right, 405,370 sf, with bonus floor area up to 506,770 sf with IZ, Inclusionary Zoning. Bidders must complete their own due diligence on all zoning issues prior to bidding. Walgreens will wish to have space in the new development, and all details must be reviewed with the ownership prior to making an offer to purchase. This listing is being offered for sale directly by the Ownership, 82-88 York JV Partners.
Property Taxes
| Parcel Number | NHVN-000262-000202-000200 | Improvements Assessment | $2,235,170 |
| Land Assessment | $564,830 | Total Assessment | $2,800,000 |
Property Taxes
Contact
-
Katherine Grace -
KP Grace LLC, dba AARIIA
Presented by
82-88 York St
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