Multifamily Property with Private
New
For Sale
$1,500,000
51 Brown Avenue, Stamford, CT 06902
Residential units are arranged across different floors and in a side-by-side configuration.
Property Size3,342 SF
Price / SF$448.83
Days on Market5
Property Features for 51 Brown Avenue
General Information
Standard status
Active
Size
3,342 SF
Total Parking Spaces
14
Property subtype
Residential Income
Zoning
RMF
Taxes and HOA fees
Annual Taxes
$11,573
Amenities
Window Unit(s)
Full, Walk-Out Access, Unfinished
Off Street, Private, Driveway
Units on different Floors, Units are Side-by-Side
Building Details
Building Size
3,342 SF
Year Built
1913
Listed By:
Farid Ahmed
(203) 252-4361
Source:
Evrealestate
Added: Oct 1
Changed: Oct 3
Last Checked: Oct 4 at 9:24AM
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 Farid Ahmed
Investment Insights
Based on property information with market context.
Built in 1913, this 3,342-square-foot multifamily property has units arranged on different floors and side by side. Interior features include window unit(s) and a full, walk-out basement with unfinished space. RMF zoning is noted for the property.
The property is at 51 Brown Avenue in Stamford, Fairfield County. Off-street parking is available by private driveway.
The property is at 51 Brown Avenue in Stamford, Fairfield County. Off-street parking is available by private driveway.
Key Highlights
- 3,342 square feet of multifamily space
- Built in 1913
- RMF zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,517
Cap Rate
3.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,340
$1.2M
Cap Rate 7%
$821,671
$821.7K
Cap Rate 9%
$639,078
$639.1K
Market Conditions
NOI Build-Up for 3,342 SF
Gross rent
$111.5K $33.36/SF
− Vacancy
−$6.9K −$2.07/SF
EGI
$104.6K $31.29/SF
− OpEx
−$47.1K −$14.08/SF
NOI
$57.5K $17.21/SF
Area
Stamford, CT
Vacancy
6.20%
Lease Rate
$33.36 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,150,340
Cap Rate 7%
$821,671
Cap Rate 9%
$639,078
Alternative Uses
Best Use
Apartment 5plus
$821.7K
$719.0K – $958.6K
NOI $57,517 @ 7.0% cap · market cap 3.83%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,587 @ 7.0% cap · market cap 5.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
4,187
Businesses Nearby
Explore this area
Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Multifamily property - Residential units are arranged across different floors and in a side-by-side configuration.
Where is this multifamily property located?
The property is located at 51 Brown Avenue Stamford, CT.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: 3,342 square feet of multifamily space; Built in 1913; RMF zoning
