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32 Ferry Street 32 Ferry Avenue 4 Unit Apartment Building $1,055,674 CAD ($263,918 CAD/Unit) 14.36% Cap Rate New Haven, CT 06513
Investment Highlights
- Immediate Cash Flow
- Value-Add Potential Through Unit Renovations
- Strong Demand for Rental Housing
Executive Summary
32 Ferry Street presents a highly income-diverse investment featuring ten rooms (SROs), two 1-Bedroom apartments, and a laundromat. The property is stabilized cash-flowing asset with potential for further NOI growth through unit renovations.
The property is located in an established, neighborhood-oriented area of New Haven that supports workforce housing and essential retail demand. The property offers convenient access to industrial job centers, institutional employers, downtown New Haven, and neighborhood amenities, reinforcing consistent demand for affordable rental options. Transit access, walkability to small businesses and service providers, and connectivity to arterial routes contribute to a stable renter pool.
New Haven remains one of the most competitive rental markets in the nation. With constrained supply and increasing demand, rents have steadily risen, and vacancy remains low.
The property is located in an established, neighborhood-oriented area of New Haven that supports workforce housing and essential retail demand. The property offers convenient access to industrial job centers, institutional employers, downtown New Haven, and neighborhood amenities, reinforcing consistent demand for affordable rental options. Transit access, walkability to small businesses and service providers, and connectivity to arterial routes contribute to a stable renter pool.
New Haven remains one of the most competitive rental markets in the nation. With constrained supply and increasing demand, rents have steadily risen, and vacancy remains low.
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Property Facts
| Price | $1,055,674 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $263,918 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 14.36% | Building Size | 4,047 SF |
| No. Units | 4 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1900 |
| Property Subtype | Apartment | ||
| Zoning | BA - Business | ||
| Price | $1,055,674 CAD |
| Price Per Unit | $263,918 CAD |
| Sale Type | Investment |
| Cap Rate | 14.36% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 4,047 SF |
| No. Stories | 3 |
| Year Built | 1900 |
| Zoning | BA - Business |
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Moderately walkable
60/100
Exceptionally drivable
90/100
Some public transit
50/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | NHVN-000084-000993-002000 | Improvements Assessment | $326,944 CAD |
| Land Assessment | $59,453 CAD | Total Assessment | $386,397 CAD |
Property Taxes
Parcel Number
NHVN-000084-000993-002000
Land Assessment
$59,453 CAD
Improvements Assessment
$326,944 CAD
Total Assessment
$386,397 CAD
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32 Ferry Street | 32 Ferry Avenue
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