4 Armonk St - Apartments FOR SALE


Greenwich, CT 06830
$2,375,000 USD
914-564-9955
4 Armonk St, Greenwich, CT for Sale
$2,375,000 USD
Apartments - FOR SALE
1/23
null | 5.2% Cap Rate

4 Armonk St
Greenwich, CT 06830


HIGHLIGHTS

  • Large commercial (office & garage/storage) space in addition to 3 apartments
  • Full of natural light
  • Walking distance to Metro North train
  • Newer well maintained building
  • Convenience- Walk to all Byram and Port Chester have to offer, fast driving access to I95, Merritt, Route 1

OVERVIEW

An outstanding opportunity to acquire a pristine mixed-use property inspired by Contemporary New England Coastal architecture, built new in 2021. This rare gem is ideally situated near the heart of Greenwich, Byram, and Port Chester, offering unmatched convenience to restaurants, shopping, Costco, a 14-screen multiplex, and Metro North rail service. Tenants with existing leases not to be affected by sale. Tenants enjoy proximity to Greenwich’s renowned amenities, including eligibility for the Greenwich Town Pass, which provides access to beaches, tennis courts, the Byram Park pool complex, and enrollment in Greenwich Public Schools. This turnkey income property features multiple revenue streams, including three residential units and a flexible commercial space: • Commercial Unit: Features an attractive front office/retail area with powder room, a private rear office, and an impressive double-height heated workspace/garage, accommodating two commercial vehicles plus additional storage. (Owner-occupied; projected market rent: $3,950/month) • Residential Units: Includes one spacious 2-bedroom apartment and two 1-bedroom apartments (one reserved for moderate-income occupancy). The property offers excellent parking: 2 covered garage spaces, 4 surface spaces, and 1 ADA-compliant space, with additional street and municipal parking nearby. Purpose-built for its flood zone location, the building carries a current flood insurance premium of just $3,669/year. All utilities are underground, with separate metering for each unit (except water), maximizing operational efficiency. Zoned LBR-2, the property allows for a variety of commercial and mixed-use possibilities. Projected Cap Rate: 5.2% - with strong in-place income and additional upside upon commercial lease-up, this is a rare investment opportunity offering both stability and growth potential in one of Fairfield County’s most desirable markets.

FOR SALE DETAILS

PRICE

$2,375,000 USD

PRICE/SF

$566 USD /SF

# OF UNITS

3

PRICE/UNIT

$791,667

CAP RATE

5.2%

% LEASED

50%

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Office, Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2021

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LBR-2

APN/PARCEL ID

GREE-000004-000000-001473-S000000

ASK ABOUT THIS PROPERTY

Anthony McGinnMcGinn, AnthonyMore Info
914-564-9955

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Anthony McGinnMcGinn, AnthonyMore Info
914-564-9955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.