Marx Realty has sold 1381 East Putnam Avenue, a mixed-use building in Greenwich, CT., for $5.1 million to a private investor based in Stamford, CT. Constructed in 2016, the boutique Class A asset features four luxury apartments and two ground-floor retail suites with full occupancy and average lease terms of approximately seven years.
Jeffrey Dunne, David Gavin, Stuart MacKenzie Travis Langer and Daniel Blumenkrantz of CBRE’s Institutional Properties Group represented the seller while procuring the buyer. “1381 East Putnam Avenue presented an opportunity to acquire a recently redeveloped property with stable income situated within one of America’s most prestigious markets,” said Gavin.
This sale marks another successful transaction for Marx Realty as they continue their focus on acquiring quality assets throughout Connecticut and beyond
