F. D. Rich Company Sells Multifamily Portfolio In Stamford & Norwalk, CT For $175M
SOLD
$175,000,000
Connecticut
See Similar DealsMultiFamily
Sold 02/19/2022
SOLD
F. D. Rich Company Sells Multifamily Portfolio In Stamford & Norwalk, CT For $175M
184 Summer Street, Stratford, Connecticut 06614, United States
See Similar DealsMultiFamily
Sold 02/19/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$9,333,333.32
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$621,738.05
Cash-on-Cash Return-1.27%
Monthly Debt Service$829,589.28
Annual Debt Service$9,955,071.37
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