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$ 13,800,000
Est. payment /mo
New
414 Mather Street Hamden, CT 06514
45,552 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 45,552 sqft
Price per Sqft $302
MLS Listing ID 24195301
Year Built 2024
Annual Tax Amount $110,313
Lot Size 1.570 Acres
Property Description
Built in 2024, nearly 70% occupied, and projecting a 6% cap rate, 414 Mather Street is the turnkey mixed-use investment opportunity your portfolio has been waiting for. The property features 37 luxury residential units and 2 retail spaces, offering an attractive mixed-use investment in a highly populated and conveniently located area. The residential component includes a desirable mix of one-bedroom, one-bathroom; two-bedroom, one-bathroom; and two-bedroom, two-bathroom residences. Each thoughtfully designed unit features high-end finishes, wide-plank flooring, nine-foot ceilings, recessed lighting, abundant natural light, and a private patio or balcony. The kitchens are appointed with quartz countertops, breakfast bars, stainless steel appliances, and custom cabinetry, while the spacious bedrooms offer generous closet space. Bathrooms feature tile flooring, extended vanities, and subway-tiled tub and shower enclosures. Every residence also includes an in-unit stackable washer and dryer. With strong lease-up activity and nearly 70% occupancy already in place, the property is currently projecting an attractive 6% cap rate. Ideally situated near the Merritt Parkway, Hamden Plaza, shopping, dining, and the Farmington Canal Heritage Trail, 414 Mather St. combines new construction, strong rental appeal, accessibility, and long-term investment potential. This is a rare opportunity to acquire one of Hamden's newest luxury multifamily assets & position your portfolio.
Location
State CT
County New Haven
Zoning T-5
Interior
Interior Features Elevator, Fire Suppression System, Living Space Available
Heating Heat Pump
Cooling Central Air
Exterior
Exterior Feature Sidewalk, Lighting, Underground Sprinkler
Utilities Available Electric
Roof Type EPDM Synthetic Rubber,Flat
Building
Lot Description Dry, Level Lot
Story 4
Sewer Public Sewer Connected
Water Public Water Connected
Listed by Carmen Desiato • Serhant Connecticut, LLC
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