Mixed-Use Income
62 Dyke Lane Stamford, CT 06902
62 Dyke Lane, Stamford, CT, 06902
$1,275,000
For Sale
$1,275,000
Mixed-use property with three apartments, an office, and a two-bay garage with loft, in need of minor upgrades.
Property Size2,340 SF
Price / SF$544.87
Days on Market91
Property Features for 62 Dyke Lane
General Information
- Standard status
- Active
- Size
- 2,340 SF
- Property subtype
- Multi-Family / 4 Family
Building Details
- Year Built
- 1925
Listing agency
William Raveis Real Estate
(203) 869-9263
Listed by
Daniel Kolich · License #RES.0794269
(203) 869-9263
Source
Compass
Added: Apr 22 Updated: Jul 21 at 2:17AM Checked: Jul 21 at 6:09AM
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 William Raveis Real Estate
Investment Insights
Based on property information with market context.
This mixed-use income property includes three residential apartments, an office, and a two-bay garage with a loft, creating five separate revenue streams. The offering is described as being in need of minor upgrades to achieve a projected NOI of $125,000. A nice back yard is also included.
Located within walking distance of Koscuzo Park and Commons Park, the property is positioned within Harbor Point and its surrounding amenities.
Financials are available upon request for qualified buyers.
Located within walking distance of Koscuzo Park and Commons Park, the property is positioned within Harbor Point and its surrounding amenities.
Financials are available upon request for qualified buyers.
Key Highlights
- Mixed‑use property with 3 residential apartments, an office, and a 2‑bay garage with loft
- Built in 1925 with hot water heat
- Cooling provided by window units
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $68.8k | $29.40 |
| − Vacancy | −$4.5k | −$1.91 |
| EGI | $64.3k | $27.49 |
| − OpEx | −$19.3k | −$8.25 |
| NOI | $45.0k | $19.24 |
2,340 SF · lease $29.40/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$643.2K
$562.8K – $750.5K
NOI $45,027 @ 7.0% cap · market cap 3.53%
Second Best
Apartment 5plus
$575.3K
$503.4K – $671.2K
NOI $40,272 @ 7.0% cap · market cap 3.16%
Theoretical Best
Office A
$846.1K
$740.3K – $987.1K
NOI $59,226 @ 7.0% cap · market cap 4.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Mixed-use property with three apartments, an office, and a two-bay garage with loft, in need of minor upgrades.
Where is this triplex located?
The property is located at 62 Dyke Lane Stamford, CT.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Mixed‑use property with 3 residential apartments, an office, and a 2‑bay garage with loft; Built in 1925 with hot water heat; Cooling provided by window units
