1081 King St Greenwich, CT 06831-3245
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SiteOne Landscape Supply Garden Center Hardware & Home Improvement
RA-2, RA-1, R-20 and R-12 Zones) of the Town’s Building Zone Regulations to permit the conversion of an existing, vacant Nursing Home into multifamily housing subject to summary review as defined in CT General Statutes Section 8-2r, pursuant to Section 6-22 of the Town’s Building Zone Regulations and Section 8-3 of the CT General Statutes, was approved by th…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
RA-2 · Greenwich, CTRA-2, RA-1, R-20 and R-12 Zones) of the Town’s Building Zone Regulations to permit the conversion of an existing, vacant Nursing Home into multifamily housing subject to summary review as defined in CT General Statutes Section 8-2r, pursuant to Section 6-22 of the Town’s Building Zone Regulations and Section 8-3 of the CT General Statutes, was approved by the Planning and Zoning Commission on June 3, 2025 with an effective date of June 11, 2025. Application PLPZ 2025 00176, for a Zoning Text Amendment to amend Section 6-14(c)(22) (Procedure for Site Plan Applications, Preliminary and Final Approval, Energy Efficiency Narrative) of the Town’s Building Zone Regulations to 1) require that all proposed projects that need site plan approval from the Planning and Zoning Commission and have floor areas greater than 10,000 square feet (s.f.) provide a Site Energy Use Index (Site EUI) score in the energy efficiency narrative, and to 2) eliminate 5 of the 6 existing exemptions in the regulation from the requirement to submit an energy efficiency narrative, pursuant to Section 6-22 of the Town’s Building Zone Regulations and Section 8-3 of the CT General Statutes, was approved by the Planning and Zoning Commission on June 3, 2025 with an effective date of June 11, 2025. Application PLPZ 2024 00358, for a Zoning Text Amendment to add to amend Section 6-116 (f)(2) to clarify language regarding the timing of payments to the Town’s Affordable Housing Trust Fund, and Section 6-116 (f)(3)(F) to permit up to 3% of the total number of proposed units to be attached group of cluster of four or five units, pursuant to Sections 6-22 and 6-116 of the Town of Greenwich Building Zone Regulations and Section 8-3 of the CT General Statutes, was approved by the Planning and Zoning Commission on February 25, 2025 with an effective date of March 5, 2025. Application PLPZ 2024 327, for a Zoning Text Amendment to add proposed Section 6-117 to the Building Zone Regulations to establish an “Old Greenwich Village District Overlay” zone to apply to certain properties along Sound Beach Avenue in the Old Greenwich Business District, pursuant to Sections 6-22 of the Town of Greenwich Building Zone Regulations and Sections 8-2j and 8-3 of the CT General Statutes was approved by the Planning and Zoning Commission on November 26, 2024 with an effective date of December 4, 2024.
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.