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Office Building with Conversion Approval

1010 Summer Street, Stamford, CT 06905

For Sale
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Upper floors are framed for residential units, with approved plans supporting a multifamily redevelopment.

Property Size29,593 SF
Days on Market32

Property Features for 1010 Summer Street

General Information

Standard status Active
Size 29,593 SF
Total Parking Spaces 64
Property subtype Office, Multifamily

Additional Details

Road Access Yes
Property Use Office

Building Details

Buildings 1
Building Size 29,593 SF
Listing Agency: Newmark - Stamford
Listed By: Matt Armstrong
Source: Crexi
Added: Oct 13 Changed: Nov 8 Last Checked: Nov 12 at 4:55AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Newmark - Stamford

Rey
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Investment Insights

Based on property information with market context.

The downtown Stamford office property contains 29,593 SF and has approval for conversion to as many as 44 multifamily units, with design documentation and entitlements included. The second and third floors have been cleared and framed for residential layouts. The building has efficient floorplates, two points of egress and covered parking for 64 vehicles. An additional 9,000 square feet of FAR has also been approved.

Located on Summer Street, the property is positioned near Stamford’s employment center, downtown amenities, transportation, retail, dining and surrounding residential neighborhoods. Multifamily conversion is permitted as of right, and the existing plans provide a basis for the redevelopment configuration.

Key Highlights

  • 29,593 SF office building in downtown Stamford
  • Approved multifamily conversion for up to 44 units
  • Additional 9,000 square feet of FAR approved

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

USA Realty Advisors Real Estate Agency Attorney David Rubin Law Firm Diamond Fragrances Department Store USA Business Center Real Estate Agency

Suggested Use

Top Pick Veterinary Clinic Pet Grooming Service Butcher Tanning Salon Garden Center (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

6,116
Businesses Nearby

Demographics for 06905, CT

21,809
Population
8,726
Households
2.5
Avg Household Size
39
Median Age
62%
College-Educated
95%
High-School Grad
5.1 sq mi
ZIP Area
4,276
Density / Sq Mi
$132,730
Median Household Income
$70,273
Median Earnings
$2,330
Median Rent
$608,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Office buildings in Fairfield County, CT

$493 Jul
$453 Aug
$370 Sep
$363 Oct

Properties on Market for Office buildings in Fairfield County

Jul
Aug
Sep
Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025

Frequently Asked Questions

What type of property is this?
Office building - Upper floors are framed for residential units, with approved plans supporting a multifamily redevelopment.
Where is this office building located?
The property is located at 1010 Summer Street Stamford, CT.
What are key features of this property?
This property features: 29,593 SF office building in downtown Stamford; Approved multifamily conversion for up to 44 units; Additional 9,000 square feet of FAR approved
(203) 580-3153 Call to check price and availability
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