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100 Greyrock Place, Stamfor...

Yaraghi Realty Acquires Retail Property In Stamford, CT For $20.1M
SOLDRetail

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

Steven Livaditis

Essex Realty Group

Broker

$195.2M

vol

40 deals

Broker
YR
Yaraghi RealtyBuyer
TC
Taubman CentersSeller

Stamford Retail Market Snapshot

Boundary boundary · Retail · Sale transactions

Loading comparables…

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