Harbor Point Portfolio — Sale in Stamford, CT

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Stamford, CT 06902

Investment Figures

Cap rate
5.44%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present the Harbor Point Portfolio in Stamford, Connecticut — a 100% market-rate, value-add portfolio located in one of the most sought-after locations in the New York metropolitan area. This portfolio is being marketed exclusively as a package and offers on individual properties will not be considered. Located within the Harbor Point district, the properties sit amidst one of the most significant mixed-use redevelopment efforts in the Northeast. Over the past two decades, Harbor Point has transformed Stamford’s South End into a premier waterfront destination featuring thousands of newly delivered apartment units, Class A office space, restaurants, retail, and entertainment venues. All locations provide immediate walkability (average walk score of 89) to the Stamford Transportation Center, offering convenient Metro-North access to New York City, and downtown Stamford. The portfolio consists of 30 apartment units and 7 garages along Connecticut’s prestigious “Gold Coast.” • 18 Pulaski Street – 12 two-bedroom apartments originally constructed in 1928 along with 0 Berkeley Street – parking lot adjacent to 18 Pulaski Street - 7 garages and 8surface spaces • 791 Atlantic Street – 12 two-bedroom apartments originally constructed in 1907 • 64 Garden Street – 6 three-bedroom apartments originally constructed in 1900 A review of the submarket suggests that in-place average rents remain below market levels. Pragmatic unit renovations, combined with common area enhancements, and improved operational focus, should harvest rent upside of ±15% to 20% above current in-place average rents. Units across the portfolio have been renovated on an as-needed basis over the past several years, with upgrades including new flooring, stainless steel appliances, granite countertops, and updated bathrooms. Tenants are generally responsible for all utilities – summarized as follows: • 18 Pulaski Street – Tenants are responsible for individually metered electricit

Market Context

This multifamily in Stamford, CT is listed for sale. It is offered at an approximate 5.4% capitalization rate, a key benchmark for income-producing multifamily assets. It has been on the market for 100 days. Compare it against other multifamily listings for sale in Stamford, CT — view the full market.

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