Robert Lombardo Andrew Powers And Michael McGuire Purchase Stamford Multifamily Building For $1.67M
41 Southfield Avenue
$1,666,500
$186/SF
Building Size
8,950 SF
Asset Type
MultiFamily
Closing
Oct 16, 2025
AI
The property asset involved in this transaction is a multifamily building located at 41 Southfield Avenue, Stamford, CT. The sale price of the asset is $1,666,500, which encompasses a total of 6 units. The building spans a total square footage of 8,950, resulting in a price per unit of $277,750 and a price per square foot of $186.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $1,666,500
- Units: 6
- Square Footage: 8,950
- Price Per Unit: $277,750
- Price Per Square Foot: $186
- Buyers: Robert Lombardo, Andrew Powers & Michael McGuire - LMP Capital Partners
- Date of Transaction: 10/16/2025
The key individuals involved in the transaction include Robert Lombardo, Andrew Powers, and Michael McGuire, who are associated with LMP Capital Partners. Their representation in this acquisition highlights their active role in expanding their portfolio within the multifamily market.
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
9.52%
Cash-on-Cash
-2.72%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93