Updated Sep 3, 2025
F. D. Rich Company Sells Multifamily Portfolio In Stamford & Norwalk, CT For $175M
184 Summer Street, Stratford, Connecticut 06614, United States
$175,000,000
Building Size
—
Asset Type
MultiFamily
Closing
Feb 18, 2022
About this deal
AI
The multifamily property located at 184 Summer St, 123 Water St, and 101 Washington St in Stamford and Norwalk, CT has been sold for a price of $175,000,000, according to recent reports. The sale was completed on February 19, 2022, and the seller of the property was the F.D. Rich Company, represented by Thomas L. Rich.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $175,000,000
- Market: Stamford and Norwalk, CT
The F.D. Rich Company, a prominent real estate firm, was the seller in this transaction. Thomas L. Rich served as the company's representative in the deal. The sale of this multifamily property marks one of the notable transactions in the Stamford and Norwalk market.
Players
Stratford 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
0.09%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93