Harbor Point sale: Stamford apartment building sells for $105 million
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The apartment building, at left, at 101 Washington Blvd., aka 101 Park Place, in the Harbor Point section of Stamford, Conn., has sold for $105 million.File photo
STAMFORD An apartment building in the fast-growing Harbor Point section of the city’s South End has sold for $105 million, Stamford’s largest property sale of 2021.
The sale price for 101 Washington Blvd., which is also known as 101 Park Place, compared with an appraised value of nearly $126 million, according to property-transfer records filed this week with the Stamford Town Clerk’s Office.
Built in 2009, the 15-story building includes about 340 units, according to the Vision Appraisal database. It changed hands in 2013 for $135 million, according to property records.
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New York City developers and investors are seeing an uptick in bulk condo deals, thanks to an already soft market and coronavirus-related distress. (iStock)
Danny Fishman cannot keep up with the demand.
Danny Fishman, Gaia Real Estate
The investor, who leads Gaia Real Estate, is contending with a deluge of pitches from developers hoping to sell him condo units in bulk. He said the missives began picking up last year but recently have been coming in at such velocity that he hardly has time to look at them.
“I would easily say at least 50 percent of new [condo] construction in the city is talking about bulk [sales],” Fishman said.