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Published on: Friday, December 12, 2025
Updated on: Friday, December 12, 2025
About the Lister
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Name: Lisa Cozzi
Company: Lisa Cozzi Team Century 21 All Points Realty
Office Phone: 860-508-2102
Cell Phone: 860-508-2102
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  Beautifully Restored 21-unit Multifamily Asset in New Haven

1435 State Street New Haven Connecticut , 06511
1435 State Street New Haven Connecticut , 06511  Lisa Cozzi Team Century 21 All Points Realty
Listing ID: CL-Connecticut-27130 Low/Mid Income /Multifamily

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): Contact Lister
Net Operating Income: Contact Lister
Quick Glance
Listing ID: CL-Connecticut-27130
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: N/A
Year Build: 1900
Building Size: 19,860.00 SqFt
Lot Size: 1.40 Acre
No of Stories: 3
No of Parking: N/A
Offer to Millionaire Club: No
Business Available for Sale: No
Is Net Lease Investment: No
Property On Ground Lease: No
Building Status: Existing
Listing Summary
Rare opportunity to acquire a beautifully restored 21-unit multifamily asset in New Haven's sought-after East Rock neighborhood
Complete Details
Year Build: 1900
Building Size: 19,860 SqFt.
No of Stories: 3
Total Lot Area: 1.4 Acre
No of Parking: N/A
No of Total Units: 21
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Heating and Cooling
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: No
Business Price Included?: No
Roofing: Not Specified
Occupancy: 0%
Full Description

Fully Restored 21-Unit Multifamily Asset in Prime East Rock

Lee & Associates is pleased to present a rare opportunity to acquire a meticulously restored 21-unit multifamily asset in New Haven's highly sought-after East Rock neighborhood. This historic brick building, formerly the YMCA and Railroad Boarding House, beautifully blends timeless classic architecture with contemporary luxury and efficient operations.

This turnkey property offers modern resident amenities and exceptional investment stability. The assumable Freddie Mac loan provides a significant financing advantage, making this an ideal acquisition in one of Connecticut's strongest and most reliable rental markets.

 

Additional Properties
Property Highlights
  • Rare East Rock Location & History: Acquisition of a beautifully restored, historic 21-unit brick building in the prime, highly desirable East Rock neighborhood of New Haven, minutes from Yale University and downtown.
  • Turnkey Modern Luxury: All units feature high-end modern finishes, including granite countertops, stainless steel appliances, and in-unit washer/dryers. The building boasts secure access and a fitness room.
  • Operational Efficiency & Finance: Exceptional efficiency with tenant-paid utilities (individual heating, hot water, and central air), plus the significant advantage of an assumable Freddie Mac loan at 3.8% (1% assumption fee).
  • Desirable Unit Mix & Special Features: Diverse mix of 6 studios, 10 one-bedrooms, and 5 two-bedrooms (some with two baths). Includes four ground-floor units with private rear entrances for added tenant appeal.
  • Premium Outdoor Amenities: Enhanced community appeal with modern features like six EV charging stations on handsome pavers, community garden boxes, a picnic area, and dedicated off-street parking.
Property Utilities
  • Electric, Gas
  • Sewer: Public Sewer Connected
  • Fuel: Gas In Street
Features
  • County: South Central Connecticut Planning Region
  • Taxes: $94,233(2025)
Listing Location
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