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This building is currently an office owned & occupied by a prominent law firm since 1971. 475 Whitney Avenue presents a rare opportunity to restore & reposition one of New Haven's most architecturally significant properties into a signature residential asset. Originally constructed as a grand private residence in 1896, the building is ideally suited for conversion back to a luxury single-family estate or redevelopment from the current office configuration as a boutique multi-family or condominium offering. The structure's scale, craftsmanship & layout-featuring expansive rooms, high ceilings & formal entertaining spaces- lend themselves naturally to residential reuse. The architectural details including the yellow venetian brick & copper gutters & flashing make this prohibitively expensive to replicate today. In addition to the main residence the property incls a detached rear structure (originally a garage, later converted to conference space) that could possibly be repositioned into 1 or 2 addtl residential units, guest accommodations or accessory dwelling space creating meaningful added value & flexibility. The current site configuration includes a large, paved parking area which offers a unique opportunity to reclaim a portion of the grounds for landscaped lawns, private outdoor space & a formal residential driveway restoring the property's original estate-like setting while maintaining functional access. 475 Whitney Avenue is widely regarded as one of the most distinctive residences along Whitney Avenue. Building is equipped with an elevator that stops from basement to 3rd floor.
| Type | Description | Level |
|---|---|---|
| Living Room | 9 ft+ Ceilings,Hardwood Floor | Main |
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William Raveis Real Estate
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William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $1,680,000 | $1,680,000 | $1,680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.875% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.117% | 6.235% | 6.058% |
| Monthly Tax Payment | $2,395 | $2,395 | $2,395 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $9,408 | $10,208 | $14,064 |
| Total Monthly Payment | $11,928 | $12,728 | $16,584 |
* 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.