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422 Summer Street

Off-Market

422 Summer Street, Stamford, CT 06901

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  • Property Type Office - General Office
  • Property Size 41,140 SF
  • Lot Size 0.54 Acre
  • Property Tenancy Multi-Tenant
  • Building Class B
  • Year Built 1922

Location

  • City Stamford, CT
  • Neighborhood Downtown Stamford
  • Zip Code 06901
  • Market Bridgeport New Haven

Contacts

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Owner

  • True Owner
  • Registered Owner

Brokers

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Documents

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Sales

  • Purchase Date 07 Jun, 1989
  • Purchase Price
  • Arm's Length True
  • Buyer Name

Market Trends

Average Actual Rents in Stamford

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Stamford Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2020 Avg. Asking Rent $43.96
  • 2020 Office Vacancy Rate 25.44%
  • 2020 Office Completions (SF)

Stamford Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2020 Avg. Price per SF $166.62
  • Y-o-Y Avg. PpSF Change -29.44%
  • 2020 Office Sales Volume $151.3M
  • 2020 Number of Transactions 3
View more Stamford market trends

Tax

  • Property Tax in 2021 $124,703
  • Market Value* $6,268,385
  • Assessed Value $6,268,385

Find more tax info, including assessment history and abatements, on CommercialEdge

*The displayed market value represents the assessed value determined by the appropriate local tax/financial authority. It is not the property’s latest sale price or a current market value based on recent area sales.

Frequently Asked Questions

What is the total square footage of 422 Summer Street?

422 Summer Street totals 41,140 square feet.

When was this property built?

422 Summer Street was built in 1922.

When was 422 Summer Street last sold?

422 Summer Street was last sold on 07 Jun, 1989.

What is the property tax for 422 Summer Street?

The property tax for 422 Summer Street in 2021 was $124,703.

What is the market value for 422 Summer Street?

The market value* for 422 Summer Street in 2021 was $6,268,385.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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