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The Novella

New Haven, CT

136 Units

Built in 2015

Core Plus

Investment Highlights

  • Core Plus, Light Value-Add
  • 100% Market-Rate and Fully Amenitized
  • Located in the Highly Sought After Chapel West District
  • On the Edge of Core Downtown/Yale-Centric
  • Strong Rental Trends: New Leases + Renewal Trade-Outs April 2022 - March 2023
  • Review of core New Haven rent comparables suggests achievable rent increases of $100 to $250 per unit, per month
  • Opportunity to Acquire a Core Plus New Haven Multifamily Asset At or Below Replacement Cost
  • Outstanding New Haven Location: Walkscore of 96

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