The Oak & Avery Group is pleased to present 186-190 West Main Street in Stamford, CT, also known as "New Algiers."
189-190 W Main Street is a 14-unit mixed use deal across two buildings, with 2 commercial spaces and 12 apartments.
The subject property is in proximity to the Stamford Hospital, I-95 and the Stamford Metro-North Train Station.
The apartments have one bedroom, two-bedroom, and three-bedroom layouts. Many of the apartments have been
recently updated with brand new kitchens, bathrooms and hard wood flooring. Both the interior and the exterior of the
buildings are professionally managed and maintained, and there are new individual gas boilers in each building.
There is an existing HAP contract on the property with CHFA (Connecticut Housing Finance Authority) debt, assumable
by an approved buyer. The apartments are all subject to rent stabilization with annual rent adjustments set and calculated by CHFA.
The two commercial spaces are free market. The rate of the debt is fixed at 4% until July 1, 2054.
Affordable, Section 8, Low-Income Housing, HUD
