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51 Schuyler Ave 4,200 SF Office/Medical Condo Unit in Stamford, CT 06902
Investment Highlights
- Occupied by a long-standing medical practice.
- Features a fresh five-year lease term.
- The tenant has extended the lease multiple times.
- The tenant has been in occupancy since 2011.
- Includes annual rent escalations of approximately 2.5%.
- Future increases in real estate taxes are reimbursed by the tenant.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | No. Parking Spaces | 22 |
| Sale Type | Investment |
| No. Parking Spaces | 22 |
Description
This ground-floor medical office condominium unit is approximately 4,200 SF and is occupied by a long-standing medical practice. The property features convenient on-site front-lot parking with 22 spaces and is located in walkable downtown Stamford adjacent to Mill River Park.
Sale Notes
The property offers location scarcity as a ground-floor medical office near Stamford Hospital, owner-user upside if the lease is not renewed, and residential conversion optionality within a residential condominium building.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1B | 4,200 SF | Office/Medical | Upon Request | $78,785 |
Unit 1B
| Unit Size |
| 4,200 SF |
| Condo Use |
| Office/Medical |
| Price |
| Upon Request |
| NOI |
| $78,785 |
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Unit 1B
| Unit Size | 4,200 SF |
| Condo Use | Office/Medical |
| Price | Upon Request |
| NOI | $78,785 |
| Sale Type | Investment |
| No. Parking Spaces | 22 |
| Description | |
| This ground-floor medical office condominium unit is approximately 4,200 SF and is occupied by a long-standing medical practice. The property features convenient on-site front-lot parking with 22 spaces and is located in walkable downtown Stamford adjacent to Mill River Park.</li></ul> | |
| Sale Notes | |
| The property offers location scarcity as a ground-floor medical office near Stamford Hospital, owner-user upside if the lease is not renewed, and residential conversion optionality within a residential condominium building.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 59,490 SF | Typical Floor Size | 5,816 SF |
| Property Type | Multifamily (Condo) | Year Built | 1981 |
| Property Subtype | Apartment | Lot Size | 0.76 AC |
| Building Class | C | Parking Ratio | 0.67/1,000 SF |
| Floors | 9 | ||
| Zoning | RMF | ||
| Total Building Size | 59,490 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 9 |
| Typical Floor Size | 5,816 SF |
| Year Built | 1981 |
| Lot Size | 0.76 AC |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | RMF |
Amenities
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Smoke Free
- Elevator
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 64 | - | - |
1 1
Moderately walkable
70/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
60/100
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Contact the Sale Advisor
51 Schuyler Ave