Nine-building multifamily portfolio in Stamford sells for $7.1M

The FredWard Portfolio, consisting of a condominium apartment community in the Shippan section of Stamford, has been sold in a $7.1 million transaction.

One of the buildings in the FredWard Portfolio. Photo courtesy USListings.com.

Located at 160 Wardell St., the FredWard Portfolio spans nine multifamily buildings and includes a total of 34 units. The buildings were originally constructed in 1905.

Northeast Private Client Group coordinated the transaction, adding that the sales price equates to $208,823 per unit and a cap rate of 6.08%. Greenwich-based buyer Lake Hill Investments sold the property to Monsey-based Yellowstone Property Group.