Phase 1 available - Prime Development Opportunity - 147 & 157 Main Street Annex, New Haven, CT Exceptional combined 1. 02-acre site offering unmatched development potential with BB and RM1 zoning. Located seconds from I-95 (Exit 50) and just four blocks from Townsend Ave, this property is perfectly positioned for high-density residential or mixed-use projects. Key Highlights: Lot Size: 44, 380 sq. ft. across two parcels Structures: Ranch-style commercial building and masonry garage with office space Zoning Potential: Up to 87 residential units with current zoning; 111 units possible with Inclusionary Zoning bonuses Rezoning Opportunity: Easily rezone to full BB for streamlined planning and increased density Inclusionary Zoning Benefits: No parking requirements for residential units; density bonuses available Additional Features: Property currently equipped with dealer plates, offering unique commercial-use potential Neighboring Parcel: Being sold in conjunction with Parcel #2387486 to expand development opportunities Take advantage of this rare opportunity to develop in a strategic New Haven location with flexible zoning, existing commercial use, and robust demand for housing. Proposal & Zoning documents available
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NMLS Mortgage Loan Originator ID 81725
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,520,000 | $1,520,000 | $1,520,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.750% | 6.500% | 6.000% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.844% | 6.597% | 6.158% |
Monthly Tax Payment | $1,394 | $1,394 | $1,394 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $8,870 | $9,607 | $12,827 |
Total Monthly Payment | $10,389 | $11,126 | $14,346 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.