Spring Valley-based investment group buys 28-unit Stamford apartment building for $4.8M

TRD New York /
Feb.February 20, 2019 03:38 PM

A Rockland County investment group is buying a Stamford apartment complex for $4.8 million, the Fairfield Business Journal reported. Dash Properties is selling the 28-unit complex to Spring Valley-based Capital Realty Group, which plans to “complete extensive capital improvements throughout the property,” according to the outlet. The complex is part of a Housing Assistance Payments Contract, which means federal and local approvals were needed to complete the sale. United Multi Family Corp. Senior Director Matt Cawley, who represented Dash Properties, said Capital Realty Group was “attracted to the deal based on the building’s affordable status and its excellent location in proximity to downtown Stamford.” [FBJ]


Related Articles

arrow_forward_ios
Finger and Finger principal Kenneth Finger and landlord activist Jeff Hanley with Westchester (Credit: iStock)

Westchester group lobs its own constitutional challenge to New York’s rent law

Westchester group lobs its own constitutional challenge to New York’s rent law
Lana Zakocela and Justin Etzin in front of their former New Castle home (Credit: Getty, Zillow)

The Seychelles to auction off estate at a discount after diplomat’s divorce

The Seychelles to auction off estate at a discount after diplomat’s divorce
Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more

Westchester & Fairfield Cheat Sheet: White Plains YMCA site set for $100M apartment complex, $48M Greenwich sale is priciest in 5 years… & more
Paul Simon’s Connecticut estate is on the market for $14M

Paul Simon’s Connecticut estate is on the market for $14M

Paul Simon’s Connecticut estate is on the market for $14M
Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more

Westchester & Fairfield Cheat Sheet: JPMorgan to sell One City Place in White Plains, Greenwich homeowners get used to price cuts… & more
This new bill is taking aim at property taxes for golf courses — including Trump’s

This new bill is taking aim at property taxes for golf courses — including Trump’s

This new bill is taking aim at property taxes for golf courses — including Trump’s
Placeholder image

Rockland County’s troubled Time Nyack Hotel gets a new owner

Rockland County’s troubled Time Nyack Hotel gets a new owner
Placeholder image

Edge-on-Hudson developers enlist architect for parks and paths

Edge-on-Hudson developers enlist architect for parks and paths
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...