FPA Multifamily Acquires Multifamily Property In Stamford, CT For $84.3M
100 Morgan Street, Stamford, CT, USA
$84,300,000
$67,171/SF
Building Size
1,255 SF
Asset Type
MultiFamily
Closing
Apr 18, 2021
AI
The asset involved in this transaction is a multifamily property located at 100 Morgan St, Stamford, CT. The sale was completed for a total consideration of $84,300,000.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $84,300,000
- Buyer: FPA Multifamily
- Brokers involved: Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, & Travis Langer - CBRE
- Sale Date: 04/19/2021
The transaction featured prominent brokers from CBRE, including Jeffrey Dunne, Gene Pride, Jeremy Neuer, Steve Bardsley, David Gavin, and Travis Langer, who represented the seller in this significant deal.
Players
Stamford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.19%
Cash-on-Cash
-0.05%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93