Ben Spiegel Of Redwood Capital Acquires Multifamily Property In Greenwich For $2.067M

113 South Water Street is a multifamily property located in Greenwich, CT, consisting of 6 units. The sale price was $2,067,000, and the property encompasses a total square footage of 7,000. The price per unit amounts to $344,500, while the price per square foot is $295.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,067,000
• Units: 6
• Square Footage: 7,000
• Price Per Unit: $344,500
• Price Per Square Foot: $295
• Buyer: Ben Spiegel - Redwood Capital
• Broker: Matt Cawley - National Multifamily
• Date of Transaction: 5/19/2025
• Address: 113 South Water Street, Greenwich, CT

Redwood Capital, represented by Ben Spiegel, has acquired the property as part of its strategy to build an off-market portfolio in the high-income Byram neighborhood. This acquisition adds to Redwood’s existing assets at 168 N Water Street and 15 Beech Street, emphasizing the company's focus on high-margin investments in exclusive submarkets.