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

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.