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1 Harbor Point Road

Updated Jun 3, 2026

Samantha Rudin Earls And Michael Rudin Acquire 239-Unit Multifamily Complex In Stamford For $150M
SOLDMultiFamily

Samantha Rudin Earls And Michael Rudin Acquire 239-Unit Multifamily Complex In Stamford For $150M

1 Harbor Point Road

Units

239

Asset Type

MultiFamily

Closing

Jun 2, 2026

About this deal

AI

The property involved in the transaction is a multifamily asset located at 1 Harbor Point Road in Stamford, CT. This luxury apartment complex consists of 239 units and is valued at approximately $150 million. It represents Rudin Management Company's rare expansion outside New York City.

Summary of transaction details:

This acquisition is facilitated by Douglas Harmon and Adam Spies, who are the brokers representing the buyer, Rudin Management Company. The transaction is significant as it marks a strategic move for the Rudin family, noted for their real estate portfolio primarily in New York City.

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MultiFamily

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Players

Adam Spies
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Adam Spies

Newmark

Broker

$76.8B

vol

276 deals

Broker
Michael Rudin

Michael Rudin

Rudin Management Company

Buyer

$5.7B

vol

31 deals

Buyer
BT
Building and Land TechnologySeller

Market 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

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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