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SL Green Realty Corp. Sells Stamford Office Building To RPW Group For $23.8M

Property Image
SOLD
$23,800,000
Andrew Mathias

Connecticut

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Office182,000 SF
Sold 01/29/2021
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Property Image
SOLD

SL Green Realty Corp. Sells Stamford Office Building To RPW Group For $23.8M

1055 Washington Boulevard, Stamford, CT, USA

See Similar Deals
Office182,000 SF
Sold 01/29/2021
Andrew Mathias
Contact now

Summary

CONNECTICUT
Asset Type:Office
Price Per Square Foot:$130
Total Square Footage:182,000 SF
Transaction Type:Sale

1055 Washington Boulevard in Stamford, CT has been sold in a recent transaction. The property, an office building with a total area of 182,000 square feet, was sold for $23,800,000. The price per square foot is approximately $131. The seller, SL Green Realty Corp., was represented by Marc Holliday and Andrew W. Mathias. On the buyer's side, RPW Group, represented by Robert P. Weisz, acquired the property.

Summary of transaction details:

  • Property Type: Office
  • Sale Price: $23,800,000
  • Square Footage: 182,000
  • Price Per Square Foot: $131
  • Seller: SL Green Realty Corp. - Marc Holliday & Andrew W. Mathias
  • Buyer: RPW Group - Robert P. Weisz

The sale of the property at 1055 Washington Boulevard was finalized on 01/29/2021. Marc Holliday and Andrew W. Mathias represented SL Green Realty Corp. as the sellers, while Robert P. Weisz, representing RPW Group, acted as the buyer. This transaction marks an important milestone for both parties involved in the deal.

Players

3 deals$65.8M volume
BUYER

Marc Holliday
39 deals$9.6B volume
SELLER

Andrew Mathias
SL Green
8 deals$1.2B volume
SELLER

Details

SOLD
IMAGE: Marc Holliday, Robert P. Weisz, & Andrew Mathias DATE: 01/29/2021 ADDRESS: 1055 Washington Boulevard MARKET: Stamford, CT ASSET TYPE: Office SELLER: SL Green Realty Corp. - Marc Holliday & Andrew W. Mathias BUYER: RPW Group - Robert P. Weisz SALE PRICE: $23,800,000 SF: 182,000 ~ PPSF: $131

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$1,269,333.33

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$84,556.37
Cash-on-Cash Return-1.27%
Monthly Debt Service$112,824.14
Annual Debt Service$1,353,889.71