Monday Properties Acquires Multifamily Property In Stamford, CT For $131M
75 Tresser Boulevard
$131,000,000
$402/SF
Building Size
325,132 SF
Asset Type
MultiFamily
Closing
Feb 9, 2022
AI
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
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
0.12%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93