Marx Realty has sold 1381 East Putnam Avenue, a mixed-use building in Greenwich, CT., for $5.1 million. The buyer is a private investor based in Stamford, CT.
The boutique Class A mixed-use retail and multifamily asset, was constructed in 2016, the building features four luxury apartments and two ground-floor retail suites. It boasts full occupancy, with retail tenants Club Pilates and Estate Treasures of Greenwich offering an average lease term of approximately seven years.
Jeffrey Dunne, David Gavin, Stuart MacKenzie, Travis Langer and Daniel Blumenkrantz of CBRE’s Institutional Properties Group represented the seller and procured the buyer. “1381 East Putnam Avenue represented a unique opportunity to acquire a recently redeveloped, mixed-use property with stable income in one of the most prestigious markets in the country.” said Gavin.
The post Marx Realty Sells Greenwich Mixed-Use Asset for $5M appeared first on Connect CRE.
Marx Realty has sold 1381 East Putnam Avenue, a mixed-use building in Greenwich, CT., for $5.1 million. The buyer is a private investor based in Stamford, CT. The boutique Class A mixed-use retail and multifamily asset, was constructed in 2016, the building features four luxury apartments and two ground-floor retail suites. It boasts full …
The post Marx Realty Sells Greenwich Mixed-Use Asset for $5M appeared first on Connect CRE.
Robert Khodadadian has long had a simple philosophy about selling real estate. There are approximately a million buildings in the city, and the broker that gets to sell any one among the multitude that will hit the auctioning block at a given moment is, sometimes, simply the person who happens to pitch their services to the right seller.
robert khodadadian, skyline properties, commercial real estate, off market real estate, daniel shirazi, real estate investment, new york real estate