CBRE brokers $221 milllion sale of luxury apartment community in Stamford, CT

Stamford, CT Representatives of CBRE, led by Jeffrey Dunne, Eric Apfel, Stuart MacKenzie, Travis Langer, and Eric Greenberg, brokered the sale of Stamford Urby, a 641-unit Class A multifamily community, for $221 million.

CBRE exclusively represented the seller. The buyer is Pantzer, a fully integrated owner/operator of multifamily assets along the Eastern Region of the US. The property was re-named The Point Stamford. Maxi Leachman of CBRE secured the debt for Pantzer.

The property is less than a half mile to the Metro North Stamford Train Station, providing direct access to Manhattan in less than an hour. 

The property was developed in two phases (2019 and 2023) and offers an amenity package including a 5,500 s/f fitness center, heated pool, an oasis courtyard designed by landscape architect Bas Smets, co-working spaces, a lobby-integrated café, outdoor fire pits & BBQ grills, covered parking, Amazon Lockers, and a 24/7 welcome desk. Apartments feature designer-level finishes including gray quartz countertops, Carrara marble kitchen backsplash, sustainable NuWud laminate flooring, and in-unit vented washers/dryers. 

“The property represented a rare opportunity to acquire scale in one of the Northeast's fastest-growing sub-markets,” said Dunne, vice chairman at CBRE. “The property's design, amenities, and location fit squarely within the profile of best-in-class communities in high-growth, transit-oriented markets.”