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32471248
32471304

111 Lenox Street, New Haven, CT 06513

TC
RES.0796773
Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay
$1,350,000
24 days on market
Updated 10 days ago

111 Lenox Street

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,500
Net Rentable (SqFt) 7,497
Units 9
Cap Rate 7.55%
NOI $101,914
Tenancy Multi
Price per SqFt $180
Year Built 1965
Buildings 1
Stories 3
Acreage 0.520
Parking Spaces spaces
Ownership Fee Simple

Multi-Family | 10,500 SqFt | 9 Units

Marketing description

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 111 Lenox Street in New Haven, CT (the “Property”). The three-story building contains five (5) 2-Bedroom/1-Bathroom units and four (4) 1-Bedroom/1-Bathroom units with 7,497 square feet of gross living area in 10,500 square feet of gross area. The Property is situated upon a 0.52-acre parcel and features ample off-street parking via a lot to the rear.

111 Lenox Street is well-positioned in New Haven’s Fair Haven Heights neighborhood, offering strong access to the city’s central business district, neighborhood retail corridors, and surrounding residential communities. The Property benefits from convenient connectivity to major regional routes including East Grand Avenue, I-91, and nearby Interstate 95, providing efficient regional access throughout Greater New Haven, the Connecticut shoreline, and the broader Northeast corridor.

Investment highlights

ACCESS & CONNECTIVITY

111 Lenox Street offers solid access and connectivity in New Haven’s East Shore and Fair Haven Heights area, with convenient access to downtown New Haven and the city’s broader street network.

The Property is well positioned for local travel via CTtransit bus service, while nearby New Haven Union Station provides regional rail connections including Amtrak, Metro-North, Shore Line East, and the Hartford Line, along with easy links to downtown through the Union Station shuttle and local transit network.

For motorists, the location also benefits from straightforward access to the area’s major highway system, including Interstate 95 and Interstate 91, which connect New Haven to the broader coastal Connecticut corridor and points north and west.

AREA AMENITIES & DEMAND DRIVERS

111 Lenox Street benefits from a strong set of apartment demand drivers supported by its strategic location within New Haven’s Fair Haven Heights neighborhood and close proximity to the city’s primary employment hubs.

The Property offers convenient access to Downtown New Haven, where Yale University and Yale New Haven Hospital serve as the area’s dominant institutional anchors and major employers, driving consistent rental demand from students, faculty, healthcare professionals, and support staff.

In addition, the nearby industrial and logistics corridors along I-91 and the Port of New Haven support workforce housing demand from blue-collar and service-sector employment bases.

DESIRABLE BRICK CONSTRUCTION

The Property features durable brick construction, a highly desirable attribute for multifamily housing that provides long-term structural integrity, fire resistance, and reduced maintenance requirements. Brick construction also delivers superior sound attenuation and thermal efficiency, contributing to lower utility costs and enhanced resident comfort while preserving long-term aesthetic appeal.

UTILITIES

Tenants are responsible for gas-powered heating & hot water, as well as separately metered electricity, which they pay directly. The Landlord is responsible for providing city water & sewer, which they pay directly.

OFF-STREET PARKING

The Property features ample off-street parking via a paved lot to the rear capable of fitting over 10 (10+) cars.

STRONG RENTAL DEMOGRAPHICS & DEMAND

More than 22,200 people live within 1 mile of the Property with an average household income of $68,216 Over 131,800 people reside within 3 miles of the Property with an average household income of $92,204.

QUALITY OF LIFE AMENITIES

New Haven is widely recognized as the pizza capital of the United States, with its iconic “apizza” tradition serving as one of the city’s defining cultural draws. The city’s pizza legacy is anchored by legendary institutions such as Frank Pepe Pizzeria Napoletana and Zeneli Pizzeria, reinforcing New Haven’s national reputation as a destination dining market and adding a unique lifestyle amenity for residents.

Nearby neighborhood favorites include The Farm Belly for casual breakfast and lunch offerings, while the downtown core expands the amenity set with full-service local concepts such as ROLi as well as numerous national QSR and casual brands including Starbucks, Chipotle, and Panera throughout the Yale / Chapel Street corridor.

Immediate grocery and neighborhood shopping needs are supported by Key Food Supermarkets, Provisions on State, and Hanmi Oriental Food & Gift Shop, while larger format retail is readily accessible at Walmart Supercenter along Foxon Boulevard.

Listing Contacts

TC
RES.0796773
Horvath & Tremblay
DK
MA MA 9504385
Horvath & Tremblay
Listed by Horvath & Tremblay

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$101,914.00
$8,492.83/mo

Valuation Metrics

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DSCR
7.55%
Cap Rate
7.55%
ROI

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Additional Information

Name
Ethan Cole
License
REB.0791749
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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