(To read more on the multifamily market, click here.)

STAMFORD, CT-The 92-unit Mill River House condominium development, which is still under construction here, is 100% sold. The complex is located on a brownfield site that was once home to an abandoned automobile dealership.

Seth G. Weinstein, principal of Hannah Real Estate Investors, LLC of Stamford, and Paxton Kinol, principal of Stillwater Investment Management, say the $25-million project at 35 West Broad St. will have owners beginning to move in by November. The sales price for the units ranged from $350,000 to $625,000. Commenting on the sales at Mill River House, Hannah Real Estate’s Weinstein says, “Clearly it was the right project, in the right place, at the right time.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.