Crocker House

35 Union Street, New London, CT

Mixed Use • $173 psf

Est. $73,942 /mo

Get Financing
List Price $13,000,000
Proforma
NOI
$826,765
DSCR
1.28
Cap
6%
ROI
6%

Est. Monthly

$73,942 /mo

Get Financing

Interested in this property?

Schedule a showing

Request

Upcoming Open House

RSVP
Listing Details
$13,000,000
Mixed Use
Crocker House

35 Union Street, New London, CT

$173 psf

$13,000,000

Listed By
Lisa Cozzi

The Lisa Cozzi Team at Century 21 AllPoints Realty

REB.0756577

Est. Monthly

$73,942 /mo

Get Financing

Interested in this property?

Schedule a showing

Request

Upcoming Open House

RSVP
Property Snapshot
93% Proforma
Property Type
Mixed Use
Building(s)
1
Sqft
75075 sqft
Parcel(s)
1
Lot Size
0.650 acres
Year Built
1872
Property Description

Rare opportunity to own The Crocker House, a landmark mixed-use investment property anchoring the corner of Union and State Streets in downtown New London. Originally constructed in 1872 as a five-story luxury hotel and thoughtfully maintained over the years, this iconic red-brick building offers three distinct income streams under one roof: 81 residential apartments (studios, one- and two-bedroom units), 7 ground-floor commercial spaces, and a beautifully restored Grand Ballroom. Recent improvements include updated kitchens, modern flooring, elevator service to all floors, and convenient on-site laundry facilities on every level. Select upper-floor apartments offer sweeping views of the Thames River and downtown harbor. Ideally situated just steps from Union Station (Amtrak and Shore Line East), the waterfront, and City Pier, the property is also minutes from General Dynamics Electric Boat, the U.S. Coast Guard Academy, Pfizer, and Connecticut College. Located within the historic downtown district of New London, The Crocker House represents a true trophy asset blending diversified income, long-term investment stability, and irreplaceable historic character in one of southeastern Connecticut's most recognizable buildings.

Property Features
Utilities & Systems
Heating
Natural Gas
Hot Water
Natural Gas
Water
Public
Sewer
Public
Trash
Owner Paid
Utility Split
Owner Paid
Unit Amenities
  • Sprinkler System
  • Water Views
  • City Views
Disclaimers
Buyer Due Diligence

Listing last updated on October 29, 2026. Buyers should independently verify all property and financial information. Financial metrics are calculated using industry best practices but rely on listing broker inputs and assumptions. Actual results may vary.

Listing Broker Details
Lisa Cozzi

Lisa Cozzi

The Lisa Cozzi Team at Century 21 AllPoints Realty

REB.0756577
Income
Current vs Proforma
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
1 Bed, 1 Bath
$1,325
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
0 Bed, 1 Bath
$1,125
2 Bed, 1 Bath
$1,550
2 Bed, 1 Bath
$1,550
2 Bed, 1 Bath
$1,550
2 Bed, 1 Bath
$1,550
Retail
$575
Retail
$800
Retail
$850
Retail
$925
Retail
$850
Retail
$650
Other
$4,167
Monthly
$112,042
$123,117
Annual
$1,344,500
$1,477,400
Effective Gross Income
Annualized
Gross Income
$1,344,500
$1,477,400
Vacancy - Residential
-$61,935
-$67,080
Vacancy - Commercial
-$5,580
-$5,580
Ancillary Discount
-$5,000
-$8,000
Effective Gross Income
$1,271,985
$1,396,740
Operating Expenses
Annualized
Property Taxes
$142,349
Insurance
$101,250
Electric
$48,502
Heating
$38,976
Water / Sewer
$42,518
Trash
$18,815
Payroll & Benefits
$62,397
Maintenance
$36,810
$39,742
Management
$36,810
$39,742
Others
$0
Resi Reserves ($/unit)
$20,250
$20,250
Comm Reserves ($/sqft)
$1,200
$1,200
Total Expenses
$549,877
$569,975
Leasing Information
Unit
Lease Status
Owner Paid
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Residential
Leased
💧 ⚡ 🔥 🗑️
Bay 3
Leased
💧 ⚡ 🔥 🗑️
Bay 5
Leased
💧 ⚡ 🔥 🗑️
Bay 6
Leased
💧 ⚡ 🔥 🗑️
Bay 7
Leased
💧 ⚡ 🔥 🗑️
Bay 8
Leased
💧 ⚡ 🔥 🗑️
Bay 9
Leased
💧 ⚡ 🔥 🗑️
💧 Water/Sewer ⚡ Electric 🔥 Heat & Hot Water 🗑️ Trash/Recycling 🅿️ Parking
Loan Terms
Scenario Builder
Sale Price
$13,000,000
Loan Term
25 years
Rate
4.4%
LTV
75%
P&I
$53,642
$53,642
Annualized
$643,701
$643,701
Net Cash Flow
$78,407
$183,064
DSCR at Entry
1.28
Request loan quote from Venture Capital.

Lisa Cozzi

The Lisa Cozzi Team at Century 21 AllPoints Realty

REB.0756577

Lisa Cozzi
Lisa Cozzi
The Lisa Cozzi Team at Century 21 AllPoints Realty

Lisa Cozzi


The Lisa Cozzi Team at Century 21 AllPoints Realty

REB.0756577