Yaraghi Realty Acquires Retail Property In Stamford, CT For $20.1M
100 Greyrock Place, Stamford, CT, USA
$20,100,000
$26/SF
Building Size
760,000 SF
Asset Type
Retail
Closing
Oct 25, 2020
AI
The retail property located at 100 Greyrock Place in Stamford, CT has been sold for $20,100,000. The property spans an area of 760,000 square feet, resulting in a price per square foot of $26. The transaction took place on 10/26/2020.
Summary of Transaction Details
- Property Type: Retail
- Sale Price: $20,100,000
- Square Footage: 760,000
- Price per Square Foot: $26
- Transaction Date: 10/26/2020
- Market: Stamford, CT
- Seller: Taubman Centers
- Buyer: Yaraghi Realty
- Seller's Representative: Christopher Hoffmann & Steven Livaditis - Eastdil Secured
- Buyer's Representative: Christian Bangert - Newmark
This transaction was facilitated by Christopher Hoffmann & Steven Livaditis from Eastdil Secured, representing the seller, Taubman Centers. Christian Bangert from Newmark represented the buyer, Yaraghi Realty. The sale of this retail property marks a significant transaction in Stamford's real estate market.
Players
Stamford Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.79%
Cash-on-Cash
-0.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93