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75 Tresser Boulevard

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

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

David Gavin

CBRE

Broker

$2B

vol

45 deals

Broker

Adam Carr

Monday Properties

Buyer

$210.5M

vol

2 deals

Buyer

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