Home Fairfield Kempner Properties acquires Stamford multifamily building for $3.45M

Kempner Properties acquires Stamford multifamily building for $3.45M

Kempner Properties, a White Plains-based commercial real estate owner and manager of shopping centers and multifamily buildings, has purchased a multifamily property in Stamford for $3.45 million.

The 18,908-square-foot property at 470 Glenbrook Road in the Glenbrook neighborhood on the eastern edge of Stamford bordering Darien was built in 1965 and features 19 rental units comprised of one and two bedrooms; the site also includes 19 outdoor parking spaces. Kempner Properties plans to renovate the apartments with new fixtures, lighting, appliances, flooring and paint.

“Our plan is to perform renovations to the apartments, common areas, improved landscaping, as well as the overall curbside appeal of the property,” said Doug Kempner, owner and principal at Kempner Properties. “We look forward to offering the Glenbrook neighborhood a new and refreshed place to live.”

Jeff Kravet of Kravet Realty represented the seller, Charles Garufi, in the transaction.

Kempner Properties also announced the purchase of a 24-unit residential building in Hudson, New York, for $2.35 million. The 28,000-square-foot property at 310 Route 66 was built in 1976 and features 24 two-bedroom rental units with 24 outdoor parking spaces. The company plans to rebrand the property as Hudson Gardens and will renovate the building’s apartments, common areas and make exterior improvements to the building.

Even Rugen of Boweryboi represented the undisclosed seller.

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Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

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