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987 State Street
SOLD

Press|Cuozzo Commercial Services Brokers $1.65M Off-Market Mixed-Use Sale In New Haven, CT

987 State Street

Mixed-use
9,116 SF
clock iconSold 1 year ago
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Summary

Sale
CONNECTICUT
Mixed-use
9,116 sqft

Stephen Press, co-principal of Press|Cuozzo Commercial Services, negotiated the off-market sale of 987 State St., a mixed-use building in East Rock, New Haven, CT. The property was sold for $1.65 million and consists of office and retail spaces on the ground level, as well as five residential units on the upper floors. The total square footage of the building is 9,116, resulting in a price per square foot of $181.

Summary of transaction details:

  • Property Type: Mixed-Use
  • Transaction Amount: $1,650,000
  • Address: 987 State Street
  • Market: New Haven, CT
  • Broker: Stephen Press, SIOR - Press|Cuozzo Commercial Services
  • Square Footage: 9,116
  • Price per Square Foot: $181

This transaction was an off-market sale, meaning it was conducted privately without being listed on the open market. Stephen Press, SIOR, represented the buyer and seller in the deal, showcasing his expertise in commercial real estate. The sale of 987 State St. further highlights the growing demand for mixed-use properties in the East Rock neighborhood of New Haven.

Players

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  • Agencies

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Stephen Press's profile picture
Stephen Press
Press|Cuozzo-image
Principal And Broker
$14.7M Sold

Details

Deal Summary
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SOLD
IMAGE: Stephen Press, SIOR DATE: 06/23/2023 ADDRESS: 987 State Street MARKET: New Haven, CT ASSET TYPE: Mixed-Use BROKER: Stephen Press, SIOR - Press|Cuozzo Commercial Services SALE PRICE: $1,650,000 SF: 9,116 ~ PPSF: $181 NOTE: Stephen Press, co-principal of Press|Cuozzo Commercial Services, negotiated the off-market sale of 987 State St., a mixed-use building in East Rock, for $1.65 million. The property includes office and retail spaces on the ground level, along with five residential units on the upper floors.

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Address987 State Street

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