Cuzzocreo of Pearce Real Estate closes $5 million sale of three properties for buyer, Albertus Magnus College

October 18, 2019 - Connecticut
490 Prospect Street - New Haven, CT

New Haven, CT According to Pearce Real Estate, Jamie Cuzzocreo, commercial associate, has completed the sale of three adjacent properties at 490 and 492 Prospect St. and 411 Mansfield St. for $5 million. Cuzzocreo of represented the buyer, Albertus Magnus College, who will use the buildings for additional dorm space. Frank D’Ostilio of Real Living represented the seller, Overseas Ministries. 

The property is comprised of the Farrel Mansion at 490 Prospect St., along with Doane Hall at 492 Prospect St. and Great Hall at 411 Mansfield St. The combined office and living spaces total 28,659 s/f on 1.38 acres.

411 Mansfield Street - New Haven, CT

 

492 Prospect Street - New Haven, CT

 

Some additional details on the buildings:

• Farrel Mansion at 490 Prospect St. consists of 10,534 s/f with 10 B&B units and nine offices. It is a  Georgian Colonial Revival built in 1911 by the Farrel Family of Farrel, Inc. of Ansonia.

• Doane Hall at 492 Prospect St. consists of 8,892 s/f with 11 residential units.

• Great Hall at 411 Mansfield St. consists of 8,457 s/f with 13 efficiency apartments.

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