36
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$1,800,000
Est. payment /mo
10 Baths
10,200 SqFt
Active
55 Marvel Road New Haven, CT 06515
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,200 sqft
Price per Sqft $176
MLS Listing ID 24125301
Full Baths 10
Year Built 1920
Annual Tax Amount $29,935
Lot Size 0.350 Acres
Property 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.
Location
State CT
County New Haven
Zoning RS2
Interior
Heating Hot Water, Steam
Cooling None
Flooring Wood
Exterior
Exterior Feature Gutters, Lighting
Utilities Available Electric, Gas, Phone Available, Cable
Roof Type Asphalt Shingle
Building
Lot Description Treed, Dry, Level Lot
Foundation Concrete
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Rebecca Weiner • Betsy Grauer Realty, Inc