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Greenwich 4 Unit + Inlaw & Land/Garage 4 Capalbo Pl

6 Unit Apartment Building $2,999,000 ($499,833/Unit) 6.27% Cap Rate Cos Cob, CT 06807

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Investment Highlights

Prime Location
Separate Utilities
Full Finished Basement Suite

7,500 Net Rentable Sqft
Significant Upside Potential
Potential Development Opportunities

Executive Summary

4 Capalbo Place is a rare investment opportunity in Cos Cob, Greenwich. This legal four-family property includes 10 bedrooms, 6 baths, separate utilities, and a two-story garage. Situated on a quiet cul-de-sac, it off ers signifi cantrental income potential and possible development opportunities. The property features approximately 7,500 net rentable square feet, eight designated off -street parking spots, and a fully fi nished basement in-law suite. There ispotential for reconfi guration within the original footprint to create larger apartments. With signifi cant upside potential and a possible almost 7% cap rate, this property is an attractive option for investors.

Financial Summary (Pro forma - 2024)	Annual	Annual Per SF
Gross Rental Income	$216,000	$28.80
Other Income	-	-
Vacancy Loss	$5,400	$0.72
Effective Gross Income	$210,600	$28.08
Taxes	$9,574	$1.28
Operating Expenses	$13,336	$1.78
Total Expenses	$22,910	$3.05
Net Operating Income	$187,690	$25.03

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual	$216,000
Annual Per SF	$28.80

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$5,400
Annual Per SF	$0.72

Effective Gross Income
Annual	$210,600
Annual Per SF	$28.08

Taxes
Annual	$9,574
Annual Per SF	$1.28

Operating Expenses
Annual	$13,336
Annual Per SF	$1.78

Total Expenses
Annual	$22,910
Annual Per SF	$3.05

Net Operating Income
Annual	$187,690
Annual Per SF	$25.03

Property Facts

Price	$2,999,000	Building Class	C
Price Per Unit	$499,833	Lot Size	0.35 AC
Sale Type	Investment	Building Size	7,500 SF
Cap Rate	6.27%	Average Occupancy	100%
No. Units	6	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1960/2022
Property Subtype	Apartment	Parking Ratio	1.07/1,000 SF
Apartment Style	Low Rise

Price	$2,999,000
Price Per Unit	$499,833
Sale Type	Investment
Cap Rate	6.27%
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low Rise
Building Class	C
Lot Size	0.35 AC
Building Size	7,500 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1960/2022
Parking Ratio	1.07/1,000 SF

Unit Amenities

Kitchen

Refrigerator

Oven

Tub/Shower

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
4+2	1	-	1,924
2+1	4	-	-

1 of 1

PROPERTY TAXES

Parcel Number	GREE-000008A-000000-001047-S000000	Total Assessment	$822,780
Land Assessment	$531,300	Annual Taxes	$9,574 ($1.28/SF)
Improvements Assessment	$291,480	Tax Year	2024 Payable 2025