52 Brookside DrGreenwich, CT 06830

Property Details for 52 Brookside Dr

Year built

2016

Construction

FRAME

Lot size

0.38 AC

Property size (Sq ft)

6,140 SF

Zone code

GB

Property type

Residential income homes

Property subtype

Small apartment buildings

APN

GREE M:01 B:1237/S

APU

GREEM01B1237S

Description

This exceptional investment opportunity presents a four-unit, Class A apartment building in the heart of Greenwich, CT. Built in 2016, this property boasts 7,800 square feet across three stories on a 0.38-acre lot, with each unit offering approximately 1,950 square feet of luxurious living space. The units feature two bedrooms, a den (convertible to office or nursery), two and a half baths, hardwood floors, 9-foot ceilings, gourmet kitchens with stainless steel appliances and quartz countertops, gas fireplaces, in-unit laundry, and a two-car garage. Currently operating at 100% occupancy, this property benefits from consistent rent growth and limited turnover, appealing to a wide demographic of tenants. Its prime location offers unparalleled convenience, situated within a ten-minute walk of Greenwich Avenue, known for its upscale shopping and dining, and also within walking distance of a supermarket, library, and other amenities. Excellent regional connectivity is ensured by proximity to the Greenwich Metro-North Train Station (45-minute express ride to Grand Central Terminal) and Interstate 95 (Exit 3). The permitted zoning is GB. This is a rare opportunity to acquire a high-performing, luxury multifamily property in one of Connecticut's most desirable locations. The asking price is $5,650,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,756

  6.5%

  $1,161,928

  7%

  $1,078,933

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,243,491

  Geo Method

  $1,243,491

• Alternative Use

  Use

  Valuation

  Residential

  $1,161,928

  Hospitality

  $1,064,320

  Educational

  $885,502

  Medical

  $915,955

  Retail

  $1,377,447

Location Insight

City

Greenwich

County

Fairfield

State

Connecticut

Latitude

41.0261

Longitude

-73.6319

CBSA code

14860

CBSA name

BRIDGEPORT-STAMFORD-NORWALK, CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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