53-55 Bank Street, New London, CT 06320
Bethany York Rudzik
Bethany York Rudzik

Agent License ID: 9534915

+1(413) 433-7779

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$ 1,500,000

$ 1,625,000 7.7%

Est. payment /mo
Sold on 10/01/2026

53-55 Bank Street New London, CT 06320

5 Beds

7,668 SqFt

UPDATED:

Key Details

Sold Price $1,500,000

Property Type Multi-Family

Sub Type 5 Family+

Listing Status Sold

Purchase Type For Sale

Square Footage 7,668 sqft

Price per Sqft $195

MLS Listing ID 24157233

Sold Date 10/01/26

Style Units on different Floors

Bedrooms 5

Year Built 1897

Annual Tax Amount $23,362

Lot Size 4,791 Sqft

Property Sub-Type 5 Family+

Property Description

Mixed use property with 1 commercial unit and 8 apartments located in the heart of downtown New London. This 10,636 SF, 3 story building has 1 commercial 2,556 SF unit on the ground level. Formerly 'Diamond Pizza' the restaurant space is currently available and turnkey-ready with F,F&E. There are 8 apartments on the 5,112 SF second and third floors. There is a 2,556 SF basement. NOI approximately $107,329. Room to increase NOI leasing the commercial unit which had been paying $3,075 / month. Contact office for financials. Excellent investment property with stable cash flow. Property may be purchased as a package with 153 Bank St and 147 Bank Street for a total of 6 commercial units and 17 Apartments.

Location

State CT

County New London

Zoning CBD-1

Rooms

Basement Full, Unfinished

Interior

Heating Heat Pump

Cooling Split System

Exterior

Waterfront Description Ocean Frontage

Roof Type Other

Building

Lot Description Level Lot

Foundation Concrete

Sewer Public Sewer In Street

Water Public Water In Street

Schools

Elementary Schools Per Board Of Ed

High Schools Per Board Of Ed

Listed by Constance Howard • U.S. Properties Real Estate Services, LLC
Bought with Susan Howard Cihocki • U.S. Properties Real Estate Services, LLC

Nearby Locations

Bethany York Rudzik

Bethany York Rudzik

Agent License ID: 9534915

+1(413) 433-7779

GET MORE INFORMATION

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Phone*
Message

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53-55 Bank Street