November 15, 2021 – Stavros Filippidis and Tom Connor of Horvath & Tremblay have arranged the sale of a three (3) unit multi-family property and development opportunity in Stamford, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,025,000.
The property is located at 18 Taylor Street in Stamford, Connecticut, and contains a multi-family building in the R-MF Zone, which allows for 7 total units on the parcel and should allow for 10 total units given the historical aspect of the existing dwelling. The 18 Taylor Street contains three (3) apartments spread over 2,882 square feet of living space in 4,964 square feet of gross area on a 0.35-acre parcel with ample off-street parking. The unit mix includes two (2), 2-Bedroom/1-Bathroom townhouse units and one (1), 3-Bedroom/1-Bathroom unit. 18 Taylor Street is located in a residential neighborhood just west of downtown Stamford. The location offers convenient access to Interstate 95 and benefits from its proximity to the Stamford Transportation Center, less than 0.5 miles away. The Stamford Transportation Center is a major station on the MTA’s Metro-North commuter rail line, providing train service to Grand Central Station in less than 45 minutes. Stamford Station also provides service along three Amtrak routes including the high-speed Acela line (Boston to Washington D.C.), the Northeast Regional (Springfield, MA to Washington D.C.) and the Vermonter (Saint Albans, VT to Washington D.C.). The Transportation Center also serves as a major regional bus terminal for Greyhound, Peter Pan, and CT-Transit buses.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.