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1 Bank St, Stamford, CT, 06901

Updated Oct 29, 2024

Kolich Holdings LLC Acquires Property At 1 Bank St Stamford With Buyer’s Rep Enzennio Mallozzi
SOLDMixed-use

Kolich Holdings LLC Acquires Property At 1 Bank St Stamford With Buyer’s Rep Enzennio Mallozzi

1 Bank St, Stamford, CT, 06901

Building Size

15,000 SF

Asset Type

Mixed-use

Closing

Sep 11, 2017

About this deal

AI

The property involved in the transaction is located at 1 Bank St, Stamford, CT, 06901. This mixed-use building encompasses 15,000 square feet and is situated in the Stamford market. The sale price for this property was part of a larger transaction totaling $7,571,814 for three office buildings, which were identified as offering significant value-add opportunities.

Summary of transaction details:

  • Property Type: Mixed-use Building
  • Transaction Amount: $7,571,814
  • Address: 1 Bank St, Stamford, CT, 06901
  • Buyer: Kolich Holdings LLC
  • Buyer's Representative: Enzennio Mallozzi - Colliers International
  • Total Square Footage: 15,000
  • Seller: Not disclosed

Colliers International, represented by Enzennio Mallozzi, facilitated the sale, with Kolich Holdings LLC expressing satisfaction with the smooth execution of the deal. Mallozzi noted that Stamford is a vibrant market with significant economic growth, appealing demographics, and favorable transportation access, making it an attractive location for investment.

Players

Enzennio Mallozzi

Colliers

Broker

3 deals

Broker
KL
Kolich Holdings LLCBuyer

Stamford Mixed-use Market Snapshot

Boundary boundary · Mixed-use · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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