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414 Mather Street

Hamden, CT 06514

$13,800,000 PRICE
45,552 Sqft
1.57 Acres
2024 Built
$303 Price/Sqft

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.

Additional Information

ADDITIONAL INFORMATION

ACRES: 1.57
AREA TYPE: Suburban
IS OCCUPIED?: Vacant
LIVING AREA SQFT: 45,552
NEIGHBORHOOD: Spring Glen
PRESENT USE: Apartment Complex
PROPERTY TAX: $110,313
ROAD FRONTAGE DESCRIPTION: Municipal Street
SEWER: Public Sewer Connected
TAX AMOUNT: $110,313
UNIT COUNT: 32
UTILITIES AVAILABLE: Electric
YEAR BUILT: 2024
ZONING: T-5

AMENITIES

Fire Suppression System
Living Space Available

INTERIOR FEATURES

AIR CONDITIONING: Central Air
COOLING: Central Air
FURNACE TYPE: Electric
HEAT: Electric
HEAT FUEL: Electric
LIVING SQFT SOURCE: Approximate
STORIES: 4

EXTERIOR FEATURES

EXTERIOR FEATURES: Sidewalk,Lighting,Underground Sprinkler
ROOF: EPDM Synthetic Rubber, Flat

Listing Courtesy of Carmen Desiato (203.545.9966) of Serhant Connecticut, Llc (203.489.7800).

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Location for 414 Mather Street, Hamden, CT

Schools for 414 Mather Street, Hamden, CT

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Community

Hamden

Shoreline, Connecticut

The town of Hamden is a suburb of the neighboring city of New Haven. It encompasses a dozen distinctive neighborhoods spread out over about 33 square miles. Hamden provides residents with a mix of urban...

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William Pitt Sotheby's International Realty

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