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Monday Properties Acquires Multifamily Property In Stamford, CT For $131M

Property Image
SOLD
$131,000,000
Lauren Weinstein
Jason Gaccione
Shawn Rosenthal
+ 4

Connecticut

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MultiFamily325,132 SF
Sold 02/09/2022
the dealplayerscompscontact
Property Image
SOLD

Monday Properties Acquires Multifamily Property In Stamford, CT For $131M

75 Tresser Boulevard

See Similar Deals
MultiFamily325,132 SF
Sold 02/09/2022
Lauren Weinstein
Jason Gaccione
Shawn Rosenthal
+ 4
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Price Per Square Foot:$402
Total Square Footage:325,132 SF
Transaction Type:Sale

Located at 75 Tresser Blvd in Stamford, CT, this multifamily property was recently sold in a closed transaction. The property consists of 344 units and was sold for approximately $131,000,000, resulting in a per unit price of $380,814.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $131,000,000 (Approx.)
  • Address: 75 Tresser Blvd, Stamford, CT
  • Market: Stamford, CT

The buyer in this transaction was Monday Properties, represented by Adam Carr. The seller was WC Venture 75 Tresser LLC. The seller's representatives were Jeffrey Dunne and David Gavin from CBRE.

Players

David Gavin
CBRE
David Gavin
45 deals$2B volume
BROKER
Jeffrey Dunne
CBRE
Jeffrey Dunne
86 deals$4B volume
BROKER
Shawn Rosenthal
CBRE
Shawn Rosenthal
16 deals$2B volume
BROKER
Jake Salkovitz
CBRE
Jake Salkovitz
12 deals$1.6B volume
BROKER
Jason Gaccione
CBRE
Jason Gaccione
16 deals$1.9B volume
BROKER
Lauren Weinstein
CBRE
Lauren Weinstein
4 deals$991M volume
BROKER
AC
Monday Properties
Adam Carr
2 deals$210.5M volume
BUYER

Details

SOLD
IMAGE: Jeffrey Dunne, David Gavin & Adam Carr DATE: 02/09/2022 ADDRESS: 75 Tresser Blvd MARKET: Stamford, CT ASSET TYPE: Multifamily BUYER: Monday Properties - Adam Carr SELLER: WC Venture 75 Tresser LLC SELLER'S REP: Jeffrey Dunne & David Gavin - CBRE SALE PRICE: $131,000,000 (Approx.) UNITS: 344 ~ PPU: $380,814

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$6,986,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$465,415.33
Cash-on-Cash Return-1.27%
Monthly Debt Service$621,006.83
Annual Debt Service$7,452,082.00