January 19, 2024 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a 4-unit multi-family building in Greenwich, Connecticut. Horvath & Tremblay represented the seller and procured the buyer to complete the transaction at a sale price of $1,800,000.
3 Old Field Point Road in Greenwich, Connecticut is a multi-family Property with four (4) residential units comprised of two (2), 1-Bedroom/1-Bathroom units and one (1), 2-Bedroom/1-Bathroom unit, and one (1) 3-Bedroom/1-Bathroom unit with 4,496 square feet of living area on a 0.27-acre parcel of land. The Property also features a detached garage for residents, ample additional surface parking, and meticulously maintained landscaping and grounds. The Tenants are responsible for heat, hot water and electric, while the landlord is responsible for domestic water & sewer. 3 Old Field Point Road is a value-add, 100% vacant, multifamily asset in one of the strongest markets in the northeast. As a rental property, the opportunity exists to capture premium rental rates by implementing high end finishes to the apartments to cater to the Greenwich tenant base. 3 Old Field Point Road is situated in an exceptional urban location just west of downtown Greenwich. The Property is steps from a municipal bus stop and 100 feet from Railroad Avenue, 0.2-miles from Interstate 95, 0.3-miles from US Route 1, and 0.5-miles from the Greenwich Train Station, and Greenwich Avenue, an extremely desirable and exclusive Street, lined with high-end retailers and upscale restaurants, attracting residents and visitors alike. Downtown Greenwich offers a desirable live-work-play lifestyle in an attractive, upscale setting with numerous shopping, dining, entertainment and cultural options all within walking distance and within one of the most affluent communities in the country.
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.