The Meadowbrook Building
Office | 11,054 SqFt
Marketing description
Welcome to The Meadowbrook Building, a four-story brick professional office building on Hamden's Dixwell Avenue corridor! Configured as four nearly identical floors of approximately 2,500 SF each, with a restroom and in-suite kitchen on every floor, with individual electric metering and HVAC. 1960's brick construction with a four-stop hydraulic elevator and a ~47-space parking lot. Building systems are in good shape, including replacement double-pane windows, rubber roof, heat pumps on each floor, and a newly installed monitored fire alarm. Currently 50% leased to two long-tenured tenants generating in-place income, with 1st & 4th floors vacant and ready for an incoming owner-occupant. Perfect for an owner-user: a mid-sized professional practice can take possession of one or both floors immediately and let the existing tenants offset a meaningful share of carrying costs. Both floors feature functional and adaptable layouts, and can be reshaped or subdivided to fit the needs of new ownership. A natural fit for law, accounting, financial advisory, insurance, architecture, or consulting practices, along with medical and behavioral health users supported by nearby Quinnipiac University and Yale New Haven Health. Tenants enjoy a quiet setting - Hamden Town Center Park borders three sides of the property - with easy access to I-91, I-95, and the Merritt Parkway. Don't miss the opportunity to own a well-built professional address with income in place!
Investment highlights
In-place income day one — two long-tenured tenants generating $81,852/year at 50% occupancy (Press & Cuozzo, Affinity Care)
Value-add upside — two vacant, move-in-ready floors; full lease-up grows NOI to $101,192 (~8.4% cap at list)
Owner-user ready — occupy 1–2 floors immediately while in-place tenants offset operating costs
Efficient layout — four identical 2,763 SF floors, each separately metered with own restroom, in-suite kitchen, and tenant-paid HVAC
Recent capital invested — new monitored fire alarm, double-pane windows, rubber roof, electric heat pumps, 4-stop hydraulic elevator
Flexible T4 zoning — supports office, medical, behavioral health, and first-floor commercial/mixed-use
Strong corridor — Dixwell Ave arterial near Quinnipiac University (~10,000 students) and Yale New Haven Health
Desirable location — Hamden Town Center Park borders three sides; walk to library and downtown
Cosmetic upside — common-area refresh (paint, flooring, signage) to lift achievable rents
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