For Sale Details

$1
$0.00 / unit
  • Property Type Multifamily / Garden
  • Sale Type Investment
  • Status Active
  • Created 07/10/20
  • Updated 09/09/20

About 160 Wardwell Street, Stamford, CT 06902

Northeast Private Client Group is pleased to exclusively present for sale the FredWard MultiFamily Portfolio ("the portfolio"), a 34-Unit, 9 building apartment community located in the Shippan Ave/Elm St neighborhood of Stamford Connecticut. Located at the intersection of Frederick Street and Wardwell Street, the portfolio is made up of 1BR and 2BR units. The location of the portfolio is ideal for regional accessibility, having near immediate access to Interstate 95 and being only a 5 minute drive from the Stamford Train Station. This makes the Portfolio appealing to commuter tenants as well as tenants that work in Downtown Stamford. The FredWard Portfolio is an excellent investment opportunity for buyers looking to secure upper working class catering multi-family product, a product type that has enjoyed high Tenant demand, that will benefit from the growing Stamford market without needing to be concerned about the continuous delivery of new Class A multifamily product into an already substantial Class A inventory.

Building Details

  • Building Area (SF): 33,990
  • Year Built: 1900 - 1940
  • Number of Units: 34

Land Details

  • Acreage: 1.67

Financial Characteristics

  • Potential Gross Income: $688,800
  • Effective Gross Income: $654,360
  • Operating Expenses: $237,730
  • Net Operating Income: $431,813

The Multifamily / Garden property at 160 Wardwell Street, Stamford, CT 06902 is currently available for sale. Contact Brad Balletto from Northeast Private Client Group for more information.