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1 Mountain Ledge Drive

Bruce Tanski Construction & Development Sells McGregor Village Apartments In Wilton For $30.75M
SOLDMultiFamily

Bruce Tanski Construction & Development Sells McGregor Village Apartments In Wilton For $30.75M

1 Mountain Ledge Drive

$30,750,000

$151/SF

Building Size

203,520 SF

Asset Type

MultiFamily

Closing

Jul 14, 2025

AI

A multifamily asset, McGregor Village Apartments, located at 1 Mountain Ledge Drive in Wilton, has been sold for $30,750,000. The property consists of 212 units with a total square footage of 203,520, resulting in a price per unit of $145,047 and a price per square foot of $151.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $30,750,000
  • Units: 212
  • Square Footage: 203,520
  • Price Per Unit: $145,047
  • Price Per Square Foot: $151
  • Seller: Bruce Tanski Construction & Development
  • Brokers: Michael Hunter Coghill & Chad Sinsheimer - Adirondack Capital Partners
  • Date of Sale: 7/15/2025
  • Market: Wilton

Adirondack Capital Partners successfully facilitated the sale of the property, with Michael Hunter Coghill and Chad Sinsheimer representing the seller, Bruce Tanski Construction & Development, throughout the transaction.

Players

Chad Sinsheimer

Adirondack Capital Partners

Broker

$481.8M

vol

14 deals

Broker
Adirondack Capital Partners
Adirondack Capital PartnersBrokerage

Gansevoort MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

0.52%

Cash-on-Cash

-0.15%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93