1423 Chapel StNew Haven, CT 06511

Property Details for 1423 Chapel St

Year built

1962

Construction

STEEL FRAME

Lot size

0.57 AC

Property size (Sq ft)

14,350 SF

Property type

Other commercial real estate

Property subtype

Showrooms

APN

NHVN M:318 B:0242 L:02500

APU

NHVNM318B0242L02500

Description

This four-story New Haven office building at 1423 Chapel Street offers versatile spaces ideal for various professional uses, including executive, traditional, coworking, medical, and creative offices. Located on the corner of Chapel and Beers Streets, across from Yale New Haven Hospital Saint Raphael Campus, this prime location provides excellent visibility and accessibility. The building features elevator access, a handicap-friendly design, and ample on-site surface parking for staff and clients. Spaces range from 700 to 4,000 square feet, allowing for customization to meet specific business needs. The property is currently undergoing modern upgrades, enhancing its appeal and functionality. The building is zoned RM-2/RO (High-density residence-office), reflecting its suitability for a range of professional tenants. Limited-time holiday lease incentives are available for leases signed before the New Year, offering tailored spaces and exclusive discounts. Early move-in benefits are also available for those seeking a head start in their new workspace. This is an exceptional opportunity to secure a prominent New Haven office space with convenient amenities and attractive lease terms. Contact us to schedule a tour and learn more about these limited-time offers.

• CAP approach

  CAP return

  Valuation

  6%

  $3,487,551

  6.5%

  $3,219,278

  7%

  $2,989,330

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,724,927

  Geo Method

  $4,724,927

• Alternative Use

  Use

  Valuation

  Residential

  $2,715,581

  Hospitality

  $2,487,458

  Educational

  $2,069,536

  Medical

  $2,140,710

  Retail

  $3,219,278

Location Insight

City

New Haven

County

New Haven

State

Connecticut

Latitude

41.3115

Longitude

-72.9427

CBSA code

35300

CBSA name

NEW HAVEN-MILFORD, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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