Updated May 12, 2025
Pacific Urban Residential Acquires 402-Unit Multifamily Property In Stamford, CT For $154M
200 Broad Street
$154,000,000
$93,333/SF
Building Size
1,650 SF
Asset Type
MultiFamily
Closing
Jul 14, 2020
About this deal
AI
The property asset involved in this transaction is a multifamily building located at 200 Broad Street in Stamford, CT. The transaction was completed with a sale price of $154,000,000 for a total of 402 units, resulting in a price per unit of $383,084.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $154,000,000
- Address: 200 Broad Street
- Market: Stamford, CT
- Units: 402
- Price Per Unit: $383,084
- Seller: PGIM Real Estate - David Hunt
- Buyer: Pacific Urban Residential - Al Pace
- Brokers: CBRE
The key individuals involved in the deal include David Hunt representing the seller, PGIM Real Estate, and Al Pace representing the buyer, Pacific Urban Residential. CBRE acted as the brokerage firm facilitating the transaction.
Players
Stamford MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Deal FAQ
About $93.3K per square foot on a published $154M for 1,650 square feet (2020).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93