351 NORTH FRONTAGE RD
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Location
351 NORTH FRONTAGE RD
City, State, Zip
NEW LONDON, CT 06320
Mblu
C06/ 311/ 4/ /
Acct#
7601
Owner
G&I X NEW LONDON MALL MZL LLC
Total Market Value
$25,620,000
Appraisal
$36,600,000
PID
7601
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2024$23,907,500$12,692,500$36,600,000
Assessment
Valuation YearImprovementsLandTotal
2024$16,735,200$8,884,800$25,620,000

Owner of Record
OwnerG&I X NEW LONDON MALL MZL LLC
Co-OwnerC/O KPR
Address535 FIFTH AVENUE 12TH FLOOR
NEW YORK , NY 10017
Sale Price$31,500,000
Certificate
Book & Page 2472/246
Sale Date07/21/2022
Instrument07

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
G&I X NEW LONDON MALL MZL LLC$31,500,000 2472/2460707/21/2022
CEDAR PCP-NEW LONDON LLC$0 1819/01702502/02/2009
CEDAR PCP-NEW LONDON LLC$40,700,000 1819/01270002/02/2009
NP/I&G NEW LONDON LLC$41,625,000 1524/02590003/11/2005
DEMATTEO MANAGEMENT INC$0 0877/03060308/04/1993

Building Information
Building 1 : Section 1
Year Built: 1967
Living Area: 97,420
Replacement Cost: $11,760,279
Building Percent Good: 63
Replacement Cost
Less Depreciation:
$7,409,000
Building Attributes
FieldDescription
Style:Plaza w/Anchr
ModelCommercial
GradeAbove Ave
Stories:2
Occupancy17.00
Exterior Wall 1Brick/Masonry
Exterior Wall 2Vinyl Siding
Roof StructureFlat
Roof CoverRolled Compos
Interior Wall 1Drywall/Sheet
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2Carpet
Heating FuelGas
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UsePLAZA
Total Rooms 
Total Bedrms00
Total Baths0
Conv Type 
1st Floor Use:3230
Heat/ACHEAT/AC PKGS
Frame TypeSTEEL
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL & WL
Rooms/PrtnsAVERAGE
Wall Height24.00
% Comn Wall0.00
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 60,040 60,040
AOFOffice, (Average) 25,840 25,840
SPAService Production Area 7,140 7,140
FUSUpper Story, Finished 4,400 4,400
FOPPorch, Open, Finished 7,170 0
FSTUtility, Finished 504 0
   105,094 97,420

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
CLR1COOLER63.00 S.F.$1,5003
LDL1LOAD LEVELERS11.00 UNITS$88,0004
SPR1SPRINKLERS-WET104448.00 S.F.$65,8001
SPR1SPRINKLERS-WET55394.00 S.F.$51,5005
SPR1SPRINKLERS-WET8064.00 S.F.$4,4002
A/CAIR CONDITION1040.00 UNITS$1,4002
CLR2FREEZER TEMPS200.00 S.F.$7,0003
ELV1Elevator, Pass2.00 UNITS$100,8001
SPR1SPRINKLERS-WET101626.00 S.F.$81,3004
CLR1COOLER200.00 S.F.$4,9003
ELS1Pass Stops2.00 UNITS$4,7001
MEZ3W/PARTITIONS2000.00 S.F.$56,0004
CLR1COOLER63.00 S.F.$1,5003
MEZ3W/PARTITIONS550.00 S.F.$12,1001
SPR2WET/CONCEALED7000.00 S.F.$5,9003
ELV2Elevator, Frt1.00 UNITS$19,7001
ELS2Freight Stops2.00 UNITS$13,2001
SPV8SPV INVERTER 8000U70.00 UNITS$189,6001
SPV1Solar Photovoltaic module70.00 UNITS$50,7001
SPV5SPV ROOF MOUNT500.00 UNITS$41,0001
LDL1LOAD LEVELERS3.00 UNITS$27,0005

Land
Land Use
Use Code3230
DescriptionPLAZA  
ZoneC-2
NeighborhoodNFR
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)21.84
Frontage0
Depth0
Total Market Land$8,884,800
Appraised Value$12,692,500

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  550000.00 S.F.$825,0001
LT7W/TRIPLE LIGHT  22.00 UNITS$30,8001
SHD1SHED FRAME  40.00 S.F.$4003
LT5MERC VAP/FLU  8.00 UNITS$5,6001
LT6W/DOUBLE LIGHT  2.00 UNITS$2,1001
EVCELEC VEHICLE CHARGING  7.00 UNITS$01
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$23,407,500$12,692,500$36,100,000
2024$25,712,400$12,692,500$38,404,900
2023$25,712,400$12,692,500$38,404,900

Assessment
Valuation YearImprovementsLandTotal
2025$16,385,200$8,884,800$25,270,000
2024$17,999,000$8,884,800$26,883,800
2023$17,999,000$8,884,800$26,883,800

Regarding Parcel: Mblu : C06/ 311/ 4/ / Location : 351 NORTH FRONTAGE RD

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