facebook

traded

+ Submit
Home

/

Deals

/

Connecticut

/

Office

/

Sale

/

1055 Washington Boulevard, ...

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

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

1055 Washington Boulevard, Stamford, CT, USA

$23,800,000

$130/SF

Building Size

182,000 SF

Asset Type

Office

Closing

Jan 28, 2021

AI

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

Robert P. Weisz

RPW Group

Buyer

$65.8M

vol

3 deals

Buyer

Marc Holliday

SL Green

Seller

$9.6B

vol

40 deals

Seller

Stamford Office Market Snapshot

Boundary boundary · Office · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.67%

Cash-on-Cash

-0.19%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93