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184 Summer Street, Stratfor...

F. D. Rich Company Sells Multifamily Portfolio In Stamford & Norwalk, CT For $175M
SOLDMultiFamily

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

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

Thomas L. Rich

F.D. Rich Company

Broker

$266M

vol

2 deals

Broker
Thomas L. Rich

Thomas L. Rich

Seller

$266M

vol

2 deals

Seller

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