facebook
Traded Co logo
Submit
Daily limit: 0/10

Bedford Realty Associates Acquires Multifamily Asset From Putnam Green PIC Associates For $20.7M

Property Image
SOLD
$20,700,000
Travis Langer
Jeffrey Dunne
Eric Apfel

Connecticut

See Similar Deals
MultiFamily
Sold 06/24/2025
the dealplayerscompscontact
Property Image
SOLD

Bedford Realty Associates Acquires Multifamily Asset From Putnam Green PIC Associates For $20.7M

31 Putnam Green

See Similar Deals
MultiFamily
Sold 06/24/2025
Travis Langer
Jeffrey Dunne
Eric Apfel
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

Putnam Green is a multifamily asset located at 31 Putnam Green in Greenwich, CT. The property consists of 66 units and was sold for $20,700,000, resulting in a price per unit of $313,636. This transaction marks a significant deal in the market, being the largest multifamily transaction in Greenwich since 2012.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $20,700,000
  • Units: 66
  • Price Per Unit: $313,636
  • Buyer: Bedford Realty Associates
  • Seller: Putnam Green, PIC Associates
  • Brokerage: Jeffrey Dunne, Eric Apfel & Travis Langer - CBRE
  • Date of Transaction: 06/24/2025

The sale was facilitated by CBRE, with Jeffrey Dunne, Eric Apfel, and Travis Langer representing the brokerage in this transaction.

Players

Eric Apfel
CBRE
Eric Apfel
26 deals$1.9B volume(203) 286-3027
BROKER
Travis Langer
CBRE
Travis Langer
52 deals$2.4B volume
BROKER
Jeffrey Dunne
CBRE
Jeffrey Dunne
86 deals$4B volume
BROKER

Details

SOLD
IMAGE: Jeffrey Dunne, Eric Apfel & Travis Langer DATE: 06/24/2025 ADDRESS: 31 Putnam Green MARKET: Greenwich, CT ASSET TYPE: Multifamily BUYER: Bedford Realty Associates SELLER: Putnam Green, PIC Associates BROKERS: Jeffrey Dunne, Eric Apfel (@Abbel_97) & Travis Langer - CBRE (@CBRE) SALE PRICE: $20,700,000 UNITS: 66 ~ PPU: $313,636 NOTE: CBRE arranged the $20.7M sale of Putnam Green, a 66-unit multifamily asset in Greenwich, CT—the town’s largest multifamily deal since 2012.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,104,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$73,542.73
Cash-on-Cash Return-1.27%
Monthly Debt Service$98,128.56
Annual Debt Service$1,177,542.73