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
Stamford Office Market Snapshot
Boundary boundary · Office · Sale transactions
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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