24 Harbor St, Stamford, CT 06902

Executive Summary

Kravet Realty is pleased to present the Harbor Manor Development Site, a 1.02-acre assemblage span￾ning 7 parcels in Stamford’s South End — the city’s fastest-growing residential submarket.

The site is zoned R-MF (Residential Multifamily) and supports the as-of-right development of up to 29

townhomes across a four-story, approximately 62,000 gross square foot building envelope. With an av￾erage unit size exceeding 1,800 square feet, the site is ideally scaled for the premium, for-sale or build￾to-rent townhome product that has driven record absorption in the South End. A portion of the site

currently falls within the M-G zoning district and will require a rezoning to R-MF, a straightforward re￾classification that town leaders have voiced support for.

For developers seeking to maximize density, the R-MF district provides a path to approximately 40 units

through a Special Permit with the Zoning Board, provided all required Below Market Rate units are de￾livered on-site. Under this scenario, the same building envelope accommodates a diversified apartment

mix averaging approximately 1,300 square feet per unit.

The property sits within a federally designated Opportunity Zone, offering investors meaningful tax

advantages including deferral and potential reduction of capital gains. It is located just half a mile from

both I-95 and the Stamford Metro-North station, providing direct rail service to Manhattan in under an

hour. The property currently contains two residential structures and an industrial building. All buildings

are expected to be delivered vacant at closing