Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    281 Greenwich Ave Stamford, CT 06902

    View on Map
    Sponsored
    For Sale
    Under Contract
    $2,499,000

    MULTI_FAMILY - Stamford, CT

    Property size:
    5,760 SF
    Lot size:
    0.23 Acres
    Days on Market:
    13
    Last Refresh:
    Mar 16 at 10:06 pm

    Property Features for 281 Greenwich Ave

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Property condition
    Under Construction
    Standard status
    Active Under Contract
    Zoning
    RMF
    Rooms
    Bedroom 9, Bedroom 2, Bathroom 2, Bathroom 6, Bathroom 1, Bedroom 15, Bedroom 1, Bedroom 14, Bathroom 8, Bathroom 13, Bedroom 6, Bathroom 4, Bedroom 7, Bedroom 10, Bedroom 5, Bathroom 11, Bedroom 12, Bathroom 3, Bathroom 5, Bathroom 14, Bedroom 13, Bathroom 15, Bathroom 10, Bedroom 3, Bedroom 4, Bathroom 9, Bathroom 7, Bathroom 12, Bedroom 8, Bedroom 11
    Bedrooms
    15
    Bathrooms
    15
    Parking
    9
    Basement
    Crawl Space
    Size
    5,760 SF
    Lot size
    0.23 Acres

    Utilities

    Sewer type
    Public Sewer
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2024

    We can help!

    Listing Contact
    Silvana Orsaia

    Kinard Realty Group (203) 504-5005

    Listing agent Silvana Orsaia (203) 504-5005

    Listing date Mar 3, 2026

    MLS# 24148165

    Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Construction Townhouses Near Station

    These newly constructed townhouses, completed with a Certificate of Occupancy, feature low-maintenance design. Each of the five units includes 3 bedrooms and 3 bathrooms. The property provides a total of 12 parking spaces. Each unit is equipped with a washer and dryer, and attic storage space. An alarm system with cameras is installed. All utilities are separate for each unit. The property is located within walking distance of the Stamford Train Station and a short drive from downtown Stamford and Harbor Point, with their shopping, restaurants, and bars. The property, zoned RMF, occupies a 0.23-acre lot. The building size totals 5760 square feet. Leases are beginning on July 1, 2025, with each unit rented at $3,500.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    1031 exchange properties

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.548184
    Latitude
    41.041843

    Nearby Similar for Sale

    • $1,449,900
      5,742 SF

      Turnkey Stamford Industrial/Retail Investment

      5,700 sq ft industrial/retail property in Stamford, CT for sale.
      23 Ryan St, Stamford, CT 06907
      View Details
    • $180,000
      900 SF

      Renovated Restaurant Space in Stamford

      Fully renovated restaurant with high-capacity oven and basement storage.
      Summer St, Stamford, CT 06905
      View Details
    • New
      $835,000
      2,408 SF

      Stamford Multifamily with Updated Units

      Spacious Stamford two-family with updated units and great potential.
      60 Stephen St, Stamford, CT 06902
      View Details
    • New
      $819,900
      2,182 SF

      Stamford Waterside Area Two-Family Home

      Two-family home near Southfield Beach, Stamford, CT.
      28 Beal St, Stamford, CT 06902
      View Details
    • $1,499,000
      3,924 SF

      Stamford Mixed-Use Corner Lot

      Mixed-use property with income potential in prime Stamford location.
      1845 Summer St, Stamford, CT 06905
      View Details
    • New
      $97,000

      Turnkey Salon in Stamford, CT

      Fully equipped, operating unisex beauty salon with hair and beauty services.
      100 Greyrock Pl, Stamford, CT 06901
      View Details
    • $980,000
      1,771 SF

      Renovated Two-Family Home, Shippan Point

      Renovated two-family home in desirable Shippan Point community.
      73 Rippowam Rd, Stamford, CT 06902
      View Details
    • $739,000
      1,734 SF

      Stamford Multi-Family Investment Opportunity

      Well-maintained three-family property in Stamford's Springdale neighborhood.
      72 Highview Ave, Stamford, CT 06907
      View Details
    • New
      $1,025,000
      3,428 SF

      Well-Maintained Two-Family Home

      Spacious two-family home in Springdale, convenient to amenities.
      760 Hope St, Stamford, CT 06907
      View Details
    • $945,000
      Pending

      Updated Multifamily in Downtown Stamford

      Fully updated three-family home in the heart of downtown Stamford.
      28 Dolsen Pl, Stamford, CT 06901
      View Details
    • $1,100,000
      Pending

      Glenbrook Multifamily Home with Income

      Multifamily home near Glenbrook station with income potential.
      98 Scofield Ave, Stamford, CT 06906
      View Details
    • $1,999,000
      4,626 SF

      Stamford Multifamily Investment Opportunity

      Turnkey income property in Stamford's Harbor Point neighborhood.
      225 Washington Blvd, Stamford, CT 06902
      View Details

    FAQs

    What type of property is this?
    1031 exchange property - New construction 5-unit townhouses near Stamford Train Station.
    Where is this 1031 exchange property located?
    The property is located at 281 Greenwich Ave Stamford, CT.
    What is the asking price?
    The asking price for this property is $2,499,000.
    What are key features of this property?
    This property features: - New construction with Certificate of Occupancy, ready for immediate occupancy or investment.; - Currently rented at $3,500 per unit with leases beginning July 1, 2025.; - Ideal for a 1031 tax exchange.
    (203) 249-1611
    Request Owner's contact information
    281 Greenwich Ave Stamford, CT 06902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    281 Greenwich Ave
    Stamford, CT 06902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    281 Greenwich Ave Stamford, CT 06902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Silvana Orsaia
    (203) 249-1611 (203) 504-5005
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!