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listing
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MultifamilyFor Sale
$4,250,000
124 Temple Street
New Haven, CT 06510
Courtesy of Farnam Realty Group
MLS: Smart MLS
7Beds
10Baths
12,618Sq Ft
Est. Mortgage
$22,038/mo

This architectural gem is a prime mixed-use building located in the heart of downtown New Haven, blocks away from Yale University. The site features 10 residential units with condo-level finish and 1 spacious ground floor retail space, currently occupied by the acclaimed restaurant-bar Olives and Oil, but potentially suitable for a national, regional, or local retail user or retail tenant. The 10 residential units bring in approximately $18,000 a month of rent, and the ground floor commercial space brings approximately $10,731 a month of rent, totaling approximately $28,731 a month in total rent. This corner brick-stone building comprises approximately 12,618 square feet, with 8,412 square feet designated for apartments and 4,206 square feet for a restaurant. Unique opportunity for a new owner to reinvigorate leasing and serve as a new steward of this stunning building. 124 Temple Street features historic brick facade, corner lot presence, and ornate architectural details like decorative cornices, stone accents. The building blends seamlessly into the cityscape and the Yale central campus area. Ideal for owner-users or investors, the property features generational location, within blocks of Yale University's central campus, and near the bustling restaurant and cultural scene of Crown Street. With its unbeatable location, rich character, and high visibility, 124 Temple Street is ideal for a future owner seeking a premier asset in the thriving New Haven submarket.

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Information courtesy of Farnam Realty Group is subject to verification and is not guaranteed. Listing Data Last Updated 01/30/2025 12:30 PM
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