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873-915 Grand Ave
New Haven, CT 06511
Multifamily Property For Sale
·
112 Units
INVESTMENT HIGHLIGHTS
- Located within Wooster Square
- The area is home to 8 colleges/universities, with an economic impact of over $2B
- Strong Economic Growth
- Strategic location on the Boston/New York/Washington corridor with excellent connectivity (thruways, trains, and airports)
EXECUTIVE SUMMARY
873–915 Grand Avenue | New Haven, CT
112-Unit Multifamily Development Opportunity in the Heart of New Haven
Presenting a multifamily investment opportunity located at 873–915 Grand Avenue just blocks away from downtown New Haven, Connecticut. This approved 112-unit development represents a rare chance to acquire a strategically positioned, large-scale residential development opportunity in one of the state's most dynamic and strongest Education and Medical Market.
Property Highlights:
112 Approved Residential Units — Mixture of studio, 1-bedroom, and 2-bedroom layouts designed to meet the needs of today’s urban renter.
Transit-Oriented Location — Just minutes from downtown New Haven, Union Station (Amtrak/Metro-North), Yale University, and I-95/I-91.
High Demand Rental Market — Strong local fundamentals with rising rental rates and a tight vacancy environment across the city of New Haven.
Walkable Amenities — Steps to restaurants, grocery, medical offices, schools, and community parks. Walk Score: 87.
Modern Design + Urban Integration — Thoughtfully planned new construction blending contemporary architecture with the area’s historic streetscape.
Development & Investment Considerations:
Approvals in place for multifamily development
Significant upside through tax abatement scheduling
Opportunity Zone benefits
Favorable absorption outlook given proximity to Yale’s employment and housing demand
Anchored by recession-resistant industries: Education, Medical and BioScience
Whether you're a developer, institutional investor, or multifamily operator seeking scale in a growing New England metro, 873–915 Grand Avenue offers an unmatched blend of location, design potential, and market fundamentals.
112-Unit Multifamily Development Opportunity in the Heart of New Haven
Presenting a multifamily investment opportunity located at 873–915 Grand Avenue just blocks away from downtown New Haven, Connecticut. This approved 112-unit development represents a rare chance to acquire a strategically positioned, large-scale residential development opportunity in one of the state's most dynamic and strongest Education and Medical Market.
Property Highlights:
112 Approved Residential Units — Mixture of studio, 1-bedroom, and 2-bedroom layouts designed to meet the needs of today’s urban renter.
Transit-Oriented Location — Just minutes from downtown New Haven, Union Station (Amtrak/Metro-North), Yale University, and I-95/I-91.
High Demand Rental Market — Strong local fundamentals with rising rental rates and a tight vacancy environment across the city of New Haven.
Walkable Amenities — Steps to restaurants, grocery, medical offices, schools, and community parks. Walk Score: 87.
Modern Design + Urban Integration — Thoughtfully planned new construction blending contemporary architecture with the area’s historic streetscape.
Development & Investment Considerations:
Approvals in place for multifamily development
Significant upside through tax abatement scheduling
Opportunity Zone benefits
Favorable absorption outlook given proximity to Yale’s employment and housing demand
Anchored by recession-resistant industries: Education, Medical and BioScience
Whether you're a developer, institutional investor, or multifamily operator seeking scale in a growing New England metro, 873–915 Grand Avenue offers an unmatched blend of location, design potential, and market fundamentals.
PROPERTY FACTS
| Sale Type | Investment | Building Class | B |
| No. Units | 112 | Lot Size | 0.82 AC |
| Property Type | Multifamily | Construction Status | Proposed |
| Property Subtype | Apartment | Building Size | 81,025 SF |
| Apartment Style | Mid-Rise | No. Stories | 5 |
| Zoning | BA - Business | ||
| Sale Type | Investment |
| No. Units | 112 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.82 AC |
| Construction Status | Proposed |
| Building Size | 81,025 SF |
| No. Stories | 5 |
| Zoning | BA - Business |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 66 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $669,550 | |
| Land Assessment | $474,460 | Total Assessment | $1,144,010 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$474,460
Improvements Assessment
$669,550
Total Assessment
$1,144,010
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