Updated Jun 3, 2026
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:
- Property Type: Multifamily
- Transaction Amount: $150 million
- Buyer: Samantha Rudin Earls & Michael Rudin - Rudin Management Company
- Seller: Building & Land Technology
- Brokers: Douglas Harmon & Adam Spies - Newmark
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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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