Description
This unique piece of New Haven History is back on market because of financing issues. Now is your chance! This gorgeous jazz-age apartment building in the heart of Westville features 9' ceilings, hardwood floors, lovely moldings & balusters. Most of the original craftsmanship remains, waiting to be brought back to full glory. Sit in the shaded courtyard or generous apartments and you can almost hear Billie Holiday singing "Night & Day" while Cole Porter taps along.... Grandfathered as-built in 1926, the building sits on a quiet, highly coveted mostly single-family residential block in an RS2 zone; it's like may never be built again. Based on apartment layouts, doors, windows, & moldings, it appears 10 apartments + superintendent unit were original design. Used as 11 units since at least the 1950s, the building is designated as 11 units with LCI, which has regularly inspected. Certificate of Occupancy however was issued in 1926 for 8 units; buyers must do their diligence about bringing non-conforming units into compliance. 6 units will be empty at closing, ready for new owners to update to taste & re-rent (or sell, if condos are preferred). 5 other tenants hope to stay, but understand that if so, rents will need to increase. The unfinished 3rd floor features over 5000 sq ft of potentially developable space + some 4000 sq ft more in the lower level. See attached pro forma financials and 3rd floor/attic floor plan (in photos). Additional floor plans coming soon.
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16BEDS
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0.35ACRES
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11BATHS
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01/2 BATHS
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10,204SQFT
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$176$/SQFT
Description
This unique piece of New Haven History is back on market because of financing issues. Now is your chance! This gorgeous jazz-age apartment building in the heart of Westville features 9' ceilings, hardwood floors, lovely moldings & balusters. Most of the original craftsmanship remains, waiting to be brought back to full glory. Sit in the shaded courtyard or generous apartments and you can almost hear Billie Holiday singing "Night & Day" while Cole Porter taps along.... Grandfathered as-built in 1926, the building sits on a quiet, highly coveted mostly single-family residential block in an RS2 zone; it's like may never be built again. Based on apartment layouts, doors, windows, & moldings, it appears 10 apartments + superintendent unit were original design. Used as 11 units since at least the 1950s, the building is designated as 11 units with LCI, which has regularly inspected. Certificate of Occupancy however was issued in 1926 for 8 units; buyers must do their diligence about bringing non-conforming units into compliance. 6 units will be empty at closing, ready for new owners to update to taste & re-rent (or sell, if condos are preferred). 5 other tenants hope to stay, but understand that if so, rents will need to increase. The unfinished 3rd floor features over 5000 sq ft of potentially developable space + some 4000 sq ft more in the lower level. See attached pro forma financials and 3rd floor/attic floor plan (in photos). Additional floor plans coming soon.
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