KABR Group Acquires Multifamily Asset In Stamford, CT From Navarino Capital Management & Aetna Real Estate Investments

A multifamily property located at 163 Franklin Street and 750 Summer Street in Stamford, CT, has been sold in a recent transaction. The property consists of 116 units and was sold for a total price of $41,300,000. This translates to an average price per unit of $56,034. The sale was completed on 03/31/2022.

Summary of transation details

• Property Type: Multifamily
• Transaction Amount: $41,300,000
• Units: 116
• Average Price Per Unit: $56,034
• Location: 163 Franklin Street & 750 Summer Street, Stamford, CT

The buyer of the property was KABR Group, while the sellers were Navarino Capital Management and Aetna Real Estate Investments. The deal was facilitated by brokers Steve Simonelli and Jose Cruz from JLL.