All Forum Posts by: JD Altobello

Hey John-

  I have a client with a 30K sf storage property in Pensacola, FL.  Lots of upside opportunity.  It's an off-market deal, but he's ready to move it.  Let me know if that is an area you're interested in and we can discuss further.

Hi Brendan!  I am a New Haven County native that lived in Boston for 15 years and has been back in the Elm City for seven years.  I'd be happy to share some insights in the market.  I'm a licensed broker for both CT and MA, and have specialized in investment properties since 2003.  Please let me know if I can answer any questions or offer any guidance.

Hi Kim-  Are you looking for a builder/developer to partner with or do you already have one?  If you already have one, I sounds like an attorney is who you need.  I have a great recommendation for a local attorney who could determine feasibility and walk you through the process.  If you need a developer, I might be able to help there too, depending on the town.  Feel free to reach out!  

@Maria Johnson Are you asking about CT properties or out of state?

@Fernando Sciessere  Check out Ted Lanzaro in Cheshire.  http://lanzarocpa.com/

First, I think it's important to consider that New Haven is a MUCH smaller metropolitan area relative to students than Boston/Cambridge/Somerville.  With that said, the somewhat comparable neighborhoods you might want to consider are East Rock, Prospect Hill, and Westville.  Personally, I think Westville is in the best position for appreciation, while rents are already solid and climbing.  There's a fair amount of young professionals as well as students from Southern CT State University that also add to the renter pool.  Most of the area immediately surrounding Yale's campus is either owned by Yale or institutional owners.

I am not aware of a New Haven specific investor's group but there are a couple meetups on BP and the CTREIA has recently had a change in leadership and has been more worthwhile than before.

Hope this helps!  

I am a former Boston investor now in New Haven.  Happy to give you any advice I can