1379 Chapel Street

New Haven is a city located in the southwestern part of Connecticut in the northeastern United States. It lies along the northern coast of Long Island Sound, an inlet of the Atlantic Ocean, which gives the city direct access to coastal waters. This waterfront location has influenced New Haven’s development since colonial times, supporting shipping, fishing, and trade. The presence of the harbor also shaped the city’s layout and economy, making it an important coastal community in the region. Geographically, New Haven is positioned about 80 miles northeast of New York City and approximately 35 miles southwest of Hartford, the state capital. Because of this central location, the city serves as a key link between major urban centers in the Northeast. Rail lines such as Metro-North and Amtrak, as well as major highways like Interstate 95 and Route 34, pass through or near New Haven, making travel and commerce convenient. This accessibility has contributed to the city’s growth and importance over time. New Haven is surrounded by several neighboring towns, including Hamden to the north, East Haven to the east, West Haven to the west, and Orange to the northwest. The city’s geography is diverse, featuring coastal marshes, sandy beaches, and a natural harbor along the shoreline. Inland areas rise into hills and ridges, including East Rock and West Rock, which are prominent natural landmarks that overlook the city and provide scenic views of the surrounding area. The location of New Haven has also made it a center for education, culture, and innovation. Yale University, located in the heart of the city, benefits from New Haven’s proximity to major cities, transportation networks, and coastal resources. The combination of coastal access, nearby urban centers, and varied natural features has shaped New Haven into a city with regional influence and lasting historical significance.1379 Chapel Street offers an exceptional opportunity to acquire a well-located mixed-use building consisting of six apartments and one street-level retail suite. Positioned directly across from Saint Raphaels Hospital, the asset benefits from pedestrian traffic, rental demand tied to Yale University proximity, and long-term appreciation potential. The property provides stable in-place cash flow with upside through unit renovations and common area improvements. The property is positioned in New Haven’s cultural and academic core, surrounded by strong demand drivers including Yale University, major medical campuses, downtown employment, and a highly walkable retail and dining ecosystem. The area benefits from steady rental pressure driven by students, professionals, and institutional affiliates seeking proximity to amenities, transit, and lifestyle conveniences. Excellent access to Union Station, local bus lines, I-95, and I-91 reinforces connectivity to regional employment markets, making Chapel Street one of the city’s most desirable residential corridors and a location well suited for long term rent growth and value preservation. 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.