Multifamily Greenwich property sells for $1.9M

The multifamily property at 180 North Water St. in Greenwich was sold for $1.9 million.

The four-story property was built in 1920 and consists of three units – one two-bedroom, one three-bedroom and one duplex four-bedroom – within a 3,838-square-foot building on a 0.14-acre lot. All units were fully renovated since 2022 and the transaction is worth $633,333 per unit.

The property was listed by Pamela Franklin of Houlihan Lawrence who represented the seller, Rhode Island-based Greenwich Living LLC. The buyer, North Water Property LLC based out of New Jersey was procured by Matt Cawley of National Multifamily Corp.

“We are pleased to have procured the buyer for 180 North Water St. in Greenwich, Connecticut,” said Cawley. “He was in need of a 1031 replacement property and this fit perfectly into his portfolio in the surrounding area.”