Mixed-Use Income
For Sale
$1,275,000
Pending
62 Dyke Ln, Stamford, CT 06902
Mixed-use property with three apartments, an office, and a two-bay garage with loft, in need of minor upgrades.
Property Size2,340 SF
Days on Market176
Property Features for 62 Dyke Ln
General Information
Standard status
Pending
Size
2,340 SF
Property subtype
Multi-Family
Units
Multifamily Units
3
Office Units
1
Building Details
Year Built
1925
Listing Agency:
William Raveis Real Estate
Listed By:
Daniel Kolich (203) 667-2467 (203) 869-9263 · License #RES.0794269
(203) 667-2467
Source:
Fairfieldcountycthomesearch
Added: Apr 30
Changed: Oct 7
Last Checked: Oct 20 at 10:11PM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,027
Cap Rate
3.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,540
$900.5K
Cap Rate 7%
$643,243
$643.2K
Cap Rate 9%
$500,300
$500.3K
Market Conditions
NOI Build-Up for 2,340 SF
Gross rent
$68.8K $29.40/SF
− Vacancy
−$4.5K −$1.91/SF
EGI
$64.3K $27.49/SF
− OpEx
−$19.3K −$8.25/SF
NOI
$45.0K $19.24/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$900,540
Cap Rate 7%
$643,243
Cap Rate 9%
$500,300
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 authorities.
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Property Analytics
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Open Analytics
Lease Details
1
Office units
3
Residential units
Location Intelligence
Trade Area within ½ mile
1,593
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
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 Ln 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
