Paredim Partners LLC of Elmsford, N.Y. has acquired Parallel 41 Apartments, a 124-unit Class A luxury 
apartment building in Stamford for $33.4 million. The acquisition marks Paredim”™s entry into the Stamford luxury apartment market.
Located in the downtown residential area at 1340 Washington Blvd., Parallel 41 offers proximity to all of Stamford”™s urban entertainment, dining and recreational amenities as well as the CBD office market and Metro-North Commuter Railroad. In addition, the six-story, midrise elevator building, constructed in 2012, is nearly fully occupied.
“We plan to further solidify the building”™s position as a boutique, amenity-rich and value-oriented property as we have with similar projects in our portfolio of more than 2,000 units throughout the Fairfield, New Haven and other Connecticut markets,” said David Parisier, Paredim”™s managing director and founding principal.
