10 Henry St Greenwich, CT 06830

Property Details for 10 Henry St

Year built

1900

Lot size

0.07 lot acres

Property size

1,312 SF

Property type

Commercial real estate

Description

This exceptional multifamily property, located at 10 Henry St in Greenwich, Connecticut, presents a compelling investment opportunity. The 1,312 square foot building, constructed in 1900 and renovated in 2001, boasts a desirable B-class classification. Currently operating at 100% occupancy, the property features two mirror-image units, each a 2-bedroom, 1-bathroom apartment with updated interiors, including open floor plans, central air conditioning, and in-unit laundry. Each unit includes two off-street parking spaces, for a total of four spaces. The property sits on a 0.071-acre lot zoned LBR2, within a commercial zone poised for future development, offering significant long-term upside potential. The current Net Operating Income (NOI) is $72,400, yielding a 7.25% capitalization rate. The asking price is $999,000, translating to $761.43 per square foot and $499,500 per unit. This three-story building offers immediate strong cash flow, making it an ideal investment for both seasoned investors and those seeking an entry point into the Greenwich market. The property's location provides convenient access to a diverse range of dining, entertainment, and waterfront amenities, as well as easy commuting access to New York City via train. This is a rare opportunity to acquire a stabilized multifamily property with significant upside potential in a rapidly developing area.

Location Insight

City

Greenwich

County

Fairfield

State

Connecticut

Longitude

-73.656634616924

Latitude

41.003645857054