Kristine Wingate Shifrin - Andrew Abu Inc Realtors Logo
$1,725,000
 $9,260 est/mo Sourced by Back At You

153 Bank Street,New London, CT 06320

New London, CT 06320

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Description

Mixed-use property with 4 commercial units and 6 apartments located in the heart of downtown New London. This 17,378 SF, 3 story building has 4 commercial units in 3,942 SF on the ground level SF commercial and 6 apartments on the 7,884 SF second and third floors. There is a 3,942 SF basement. NOI approximately $117,227. Two of the commercial units are recently available so there is room to increase NOI. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 53 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Details

MLS #24159459
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1927
Days On Site210
Listing Provided ByU.S. Properties Real Estate Services, LLC | Constance Howard

Features

Bed(s)6
Bath(s) 6 Total
SQ Feet12,470
BasementY
Units6
ZoningCBD-1
Acreage0.18

Interior

Total Rooms6
Cooling SystemSplit System
Fireplaces Total0

Exterior

Roof InformationOther
Foundation TypeMasonry

Utilities

Sewage SystemPublic Sewer Connected

Taxes

Tax YearJuly 2026-June 2027
Property Tax17989

Area Information

StateCT
CountyNew London
CityNew London
Zip Code06320
AreaN | A
School DistrictPer Board of Ed
Elementary SchoolPer Board of Ed
High SchoolPer Board of Ed
Listing VS Median (in 06320)
Price:
$1,725,000
low | high
Med:
$180,450
100% of Average
sqft:
12,470
low | high
Med:
886
100% of Average
$ / sqft:
$138
low | high
Med:
$211
2.212530945977% of Average
On site:
210
low | high
Med:
9.5
100% of Average
Sourced by Back At You

Market Activity 06320

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Contact

Learn More About This Property

Kristine Wingate Shifrin

Kristine Wingate Shifrin

Andrew Abu Inc

9027819 (508) 328-5561kristine@andrewabu.com
StateCT
CountyNew London
CityNew London
Zip Code06320
AreaN | A
School DistrictPer Board of Ed
Elementary SchoolPer Board of Ed
High SchoolPer Board of Ed
Listing VS Median (in 06320)
Price:
$1,725,000
low | high
Med:
$180,450
100% of Average
sqft:
12,470
low | high
Med:
886
100% of Average
$ / sqft:
$138
low | high
Med:
$211
2.212530945977% of Average
On site:
210
low | high
Med:
9.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.293M - $2.156M
sqft: 9,000 - 15,500
Nearby Listings Property ImageNearby Listings Details
147 Bank Street Property Photo 1
$1,350,000
147 Bank Street
New London, CT 06320
Listing Updated: October 1, 2026 at 2:01:12 PM PDT