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24 Hoyt St 5,826 SF 100% Leased Office Building Stamford, CT 06905 $2,495,000 ($428.25/SF) 6.53% Cap Rate
Executive Summary
Exceptional four-unit investment opportunity in one of Stamford's most convenient neighborhoods. This unique two-building package features two established and move in ready units in the front building and two brand new townhomes in the back all fully leased with tenants in place and generating $195,300 in annual gross income. The rear townhomes offer modern finishes, central air conditioning, all new appliances, and two dedicated garage parking spots. With 5,826 square feet of total living space across 12 bedrooms and 9 bathrooms, this property delivers exceptional scale and rental appeal. Investors will appreciate the low annual taxes of just $22,074 and a zoning designation of RMF, supporting long-term income stability. This is a true turnkey asset. Leases are in place, nothing needs to be done simply collect your return from day one with happy tenants in place.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
5,826 SF
Building Class
C
Year Built/Renovated
1896/2024
Price
$2,495,000
Price Per SF
$428.25
Cap Rate
6.53%
NOI
$162,800
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,913 SF
Building FAR
0.58
Lot Size
0.23 AC
Zoning
RMF
Parking
10 Spaces (1.72 Spaces per 1,000 SF Leased)
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Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | STAM-000001-000000-004529 | Improvements Assessment | $459,530 |
| Land Assessment | $400,050 | Total Assessment | $859,580 |
Property Taxes
Parcel Number
STAM-000001-000000-004529
Land Assessment
$400,050
Improvements Assessment
$459,530
Total Assessment
$859,580
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24 Hoyt St
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