Updated Mar 11, 2025
Monday Properties & Neo Capital Acquire Multifamily Property In Stamford, CT For $73M
28 Southfield Avenue, Stamford, CT, USA
$73,000,000
$58,728/SF
Building Size
1,243 SF
Asset Type
MultiFamily
Closing
Apr 7, 2021
About this deal
AI
The multifamily property located at 28 Southfield Avenue in Stamford, CT has been sold for a price of $73,000,000. The property consists of 218 units, resulting in a per unit price of $334,862. The sellers of the property were Building and Land Technology and Lubert Adler Real Estate Funds, while the buyers were Monday Properties and Neo Capital.
Summary of transation details
- Property Type: Multifamily
- Transaction Amount: $73,000,000
- Address: 28 Southfield Avenue, Stamford, CT
- Units: 218
- Price per Unit: $334,862
The sale of this property was facilitated by the brokers from JLL Capital Markets, including Jose Cruz, Steve Simonelli, Michael Oliver, Kevin O'Hearn, and Ryan Robertson. They represented both the sellers and the buyers in this transaction.
On the Map
$73,000,000
$58,728/SF
MultiFamily
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Players
Stamford 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
0.22%
Cash-on-Cash
-0.06%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93