791 Atlantic St, Stamford, CT 06902

The Harbor Point Portfolio in Stamford, Connecticut, offers a collection of market-rate apartments in a sought-after location within the New York metropolitan area. The portfolio, marketed exclusively as a package, is situated in the Harbor Point district, an area known for its mixed-use redevelopment. Over the past two decades, Harbor Point has transformed into a waterfront destination featuring newly delivered apartment units, Class A office space, restaurants, retail, and entertainment venues. The properties offer walkability to the Stamford Transportation Center, providing convenient access to New York City and downtown Stamford. The portfolio consists of 30 apartment units and 7 garages along Connecticut’s Gold Coast. The properties include 18 Pulaski Street, featuring 12 two-bedroom apartments constructed in 1928, along with 0 Berkeley Street, a parking lot adjacent to 18 Pulaski Street with 7 garages and 8 surface spaces. Additionally, the portfolio includes 791 Atlantic Street, which has 12 two-bedroom apartments constructed in 1907, and 64 Garden Street, offering 6 three-bedroom apartments constructed in 1900. A review of the submarket suggests that in-place average rents remain below market levels. Units across the portfolio have been renovated on an as-needed basis over the past several years, with upgrades including new flooring, stainless steel appliances, granite countertops, and updated bathrooms. At 18 Pulaski Street, tenants are responsible for individually metered electricity and gas-fired baseboard heat, while the owner provides central gas-fired hot water. At 791 Atlantic Street, tenants are responsible for individually metered electricity, gas-fired forced air heating, and central A/C. At 64 Garden Street, tenants are responsible for individually metered electricity and gas-fired baseboard heating. Stamford is known for its entertainment scene, corporate headquarters, access to transit and recreation, and a growing population.