265 Greenwich Avenue

National Multifamily is pleased to have sold 265 Greenwich Avenue, a 6-unit multifamily property located in Stamford, CT.

Property

The property contained 5,760 rentable square feet across three stories and was built in 1919. It was situated on a 0.18-acre lot with 13 off-street parking spaces located on the rear. The property was comprised of six three bedroom residential units, three of which were rented to Section 8, providing steady rental income. The tenants paid for heat and hot water through individual gas boilers and hot water heaters.

Strategy

The owners reached out to Matt Cawley of National Multifamily to provide a Broker Opinion of Value on the property.  After reviewing all the information, it was agreed that the asking price would be $2,300,000 and a full marketing plan was put into place.  Over the course of the pre-marketing period and the marketing period, the owner was kept up to date at each stage.  While the investment provided strong current cash flow, there were no sales comparables in the range of the asking price which correlated to a price/unit of $383,333 per unit and a price/SF of $399.31 per SF.  Since 2023, the record sales for each in Stamford for a pre-2000 construction multifamily prior to this sale was $337,000 per unit (116 Willowbrook Avenue – Sold October 2023) and $351.07 per SF (10 Linden Place – Sold August 2025).

Result

Even with a record-breaking asking price, Matt Cawley and the National Multifamily team were able to secure multiple offers and push the winning bidder to $2,280,000 (99.13% of the asking price) in an as-is deal.  Despite the buyer’s inspection bringing up a few items, the deal closed at the agreed price. The National Multifamily team successfully executed the deal, delivering a highly efficient and certain outcome for ownership.

1) The sale of the property officially set a record for pre-2000 multifamily properties sold in Stamford since 2023

2) The sale correlated to a price per unit of $380,000 which beat the prior record by $43,000 per unit

3) The sale correlated to a price per SF of $395.83 which beat the prior record by 12.75%

4) Despite an inspection bringing up a few structural items, the deal closed at the original offer price

Matt Cawley, Olivia Friedberg, and Michael Hewes of National Multifamily represented the seller.  The buyer was represented by Jennifer McDade & Chris Lara of Berkshire Hathaway HomeServices New England Properties.  The deal closed on April 8th, 2026. Contact Matt Cawley for a full setup at closing.