Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    71 Strawberry Hill Ave, Unit 118 Stamford, CT 06902

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Charming apartment in vibrant downtown location with many amenities.

    Property Features for 71 Strawberry Hill Ave

    General Information

    Standard status
    Active
    Exterior features
    Pool
    Interior features
    Cable Ready, Fuel: Natural Gas, Cooling: Wall Unit, Heating: Hot Air, Gas Range, Refrigerator

    Building Details

    Year built
    1959

    We can help!

    Listing Contact
    (203) 969-5631
    Source: Kw

    Listing Agency: Coldwell Banker Realty Listing Agent: (203) 969-5631

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Downtown Stamford First-Floor Apartment

    Located in Downtown Stamford, this first-floor apartment is in a pet-friendly building. The unit features hardwood floors and an open-concept kitchen with granite countertops. It has been freshly painted throughout. The Homeowner's Association provides basic cable TV, internet, cooking gas, heat, hot water, insurance, and grounds maintenance. Residents have access to a swimming pool, a fitness center, 24-hour security, storage areas, and visitor parking. The property is located near shops, restaurants, and public transportation. The property is being sold in as-is condition.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dr. Yong-Son Basta, ... Pediatrician Ostriker Glenn E ... Ophthalmologist Ostriker & Associates Physician Waldys best store ... Department Store Dr. Hui E. ... Physician

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Stamford
    County
    Fairfield
    State
    Connecticut
    Longitude
    -73.5322839
    Latitude
    41.063039

    Nearby Similar for Sale

    • New
      $180,000
      900 SF

      Renovated Restaurant Space in Stamford

      Fully renovated restaurant with high-capacity oven and basement storage.
      Summer St, Stamford, CT 06905
      View Details
    • $1,449,900
      5,742 SF

      Turnkey Stamford Industrial/Retail Investment

      5,700 sq ft industrial/retail property in Stamford, CT for sale.
      23 Ryan St, Stamford, CT 06907
      View Details
    • $2,499,000
      5,760 SF

      New Construction Townhouses Near Station

      New construction 5-unit townhouses near Stamford Train Station.
      281 Greenwich Ave, Stamford, CT 06902
      View Details
    • $945,000
      Pending

      Updated Multifamily in Downtown Stamford

      Fully updated three-family home in the heart of downtown Stamford.
      28 Dolsen Pl, Stamford, CT 06901
      View Details
    • $850,000
      2,408 SF

      Spacious Stamford Multifamily with Potential

      Updated 2-family near downtown Stamford with strong rental income.
      60 Stephen St, Stamford, CT 06902
      View Details
    • $739,000
      1,734 SF

      Stamford Multi-Family Investment Opportunity

      Well-maintained three-family property in Stamford's Springdale neighborhood.
      72 Highview Ave, Stamford, CT 06907
      View Details
    • $1,050,000
      2,300 SF

      Stamford Multi-Family Investment Opportunity

      Well-maintained multi-family near the beach with income potential.
      33 Dora St, Stamford, CT 06902
      View Details
    • $1,499,000
      3,924 SF

      Stamford Mixed-Use Corner Lot

      Mixed-use property with income potential in prime Stamford location.
      1845 Summer St, Stamford, CT 06905
      View Details
    • $980,000
      1,771 SF

      Renovated Two-Family Home, Shippan Point

      Renovated two-family home in desirable Shippan Point community.
      73 Rippowam Rd, Stamford, CT 06902
      View Details
    • $2,499,000
      5,760 SF

      New Stamford Multifamily Investment Opportunity

      New construction multifamily property near Stamford Train Station.
      281 Greenwich Ave, Stamford, CT 06902
      View Details
    • $1,100,000
      Pending

      Glenbrook Multifamily Home with Income

      Multifamily home near Glenbrook station with income potential.
      98 Scofield Ave, Stamford, CT 06906
      View Details
    • $1,999,000
      4,626 SF

      Stamford Multifamily Investment Opportunity

      Turnkey income property in Stamford's Harbor Point neighborhood.
      225 Washington Blvd, Stamford, CT 06902
      View Details

    FAQs

    What type of property is this?
    Apartment building - Charming apartment in vibrant downtown location with many amenities.
    Where is this apartment building located?
    The property is located at 71 Strawberry Hill Ave, Unit 118 Stamford, CT.
    What are key features of this property?
    This property features: - Unbeatable downtown Stamford location, steps from shops, restaurants, and public transportation.; - Comprehensive HOA covers basic cable TV, internet, cooking gas, heat, hot water, insurance, and grounds maintenance, significantly reducing monthly expenses.; - Pet-friendly building with on-site amenities including a swimming pool, fitness center, and 24-hour security.
    (203) 969-5631
    Request Owner's contact information
    71 Strawberry Hill Ave, Unit 118 Stamford, CT 06902
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    71 Strawberry Hill Ave, Unit 118
    Stamford, CT 06902
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    71 Strawberry Hill Ave, Unit 118 Stamford, CT 06902
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    (203) 969-5631
    (203) 969-5631
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!