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Yale University has purchased an office building in the Prospect Hill neighborhood near its campus for just under $3 million.
The office space at 400 Prospect St., was sold to the university for $2.85 million by Gable LLC and principal Constance D. D’Atri in a deal recorded Aug. 4.
The 2.5-story brick building dates back to 1900 and features almost 7,000 square feet of space in the city’s Prospect Hill Historic District.
It sits in close proximity to other university sites including the Yale Divinity School and Science Park.
Yale officials said they have “no current plans to take the property off the tax rolls and the university plans to have the current tenants continue to occupy the space.”
The property has a total appraised value of more than $700,000.