New London Area Multi-Family Home

Trophy Real Estate Investment: The Historic Crocker House at 35 Union Street, New London, CT

An irreplaceable asset in the heart of downtown New London, The Crocker House represents a premier commercial real estate investment opportunity in southeastern Connecticut. Offered at $13,000,000, this landmark red-brick mixed-use property anchors the prominent corner of Union and State Streets. Spanning 75,075 square feet on a prime 0.65-acre corner lot, this historic five-story building combines robust cash flow, structural beauty, and long-term capital preservation.

Key Listing & Property Overview

• Address: 35 Union Street, New London, CT 06320 (New London County)

• List Price: $13,000,000 USD

• Property Type: Multifamily / Mixed-Use Landmark Building

• Building Size: 75,075 Sq. Ft.

• Lot Size: 0.65 Acres (Level, Corner Lot)

• Bedrooms / Bathrooms: 61 Beds | 81 Full Baths

• Year Built: 1873

• Annual Taxes: $142,349 (2026)

• MLS ID: 24184169

Diversified Revenue & Income Streams

Originally constructed in 1872–1873 as a world-class luxury hotel, The Crocker House has been thoughtfully modernized to generate three distinct revenue streams under a single roof:

• 81 Residential Units: A versatile mix of studio, one-bedroom, and two-bedroom apartments. Select upper-level units boast panoramic water views of the Thames River and the bustling downtown harbor.

• 7 Ground-Floor Commercial Retail Spaces: Prime storefront footprint providing high foot traffic and excellent visibility along Union and State Streets.

• Restored Grand Ballroom: An extraordinary event and community space that adds unique charm and incremental event-based revenue.

Modern Upgrades & Building Amenities

The building balances its rich Victorian-era masonry architecture with key interior updates designed to maximize tenant retention and minimize maintenance friction:

• Interior Renovations: Updated kitchens and modern flooring across residential units.

• Vertical Accessibility & Convenience: Full elevator service accessing all five floors, complemented by dedicated on-site laundry facilities on every level.

• Mechanical & Exterior Construction: Solid stone and masonry foundation, historic brick exterior, flat roof system, electric baseboard heating, central air conditioning, connected public sewer, and a full unfinished basement providing ample operational storage.

Unmatched Transit & Strategic Location

The Crocker House benefits from exceptional transit-oriented positioning in one of Connecticut's key coastal hubs:

• Transit Access: Located just steps from Union Station (serving Amtrak and Shore Line East commuters), the downtown waterfront, and City Pier.

• Major Regional Employers: Minutes from top employment drivers including General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer’s global research facility, and Connecticut College.

Listing Agent Information

• Listing Brokers: Lisa Cozzi & Kiki Pusczynski (Century 21 Allpoints Realty)

• MLS Source: SMART MLS