Stamford 123-Unit Apartment Complex Sold for $33.35 Million

STAMFORD, CT — Parallel 41 Apartments has been bought by Paredim Partners LLC for $33.35 million.

The 124-unit luxury apartment complex is located in the downtown residential area and is nearly 100 percent occupied, mainly by young families and professionals.

The six-story building was built in 2012. It comes with a fitness center, Latitude Lounge Clubroom and 360 degree roof deck.

“We’re pleased to add this sophisticated community with market leading amenities and design as well as great upside potential in the burgeoning Stamford apartment market,” said David Parisier, Paredim’s Managing Director and founding principal. “We plan to further solidify the building’s position as a boutique, amenity rich and value oriented property as we have with similar projects in our portfolio of more than 2,000 units throughout the Fairfield, New Haven and other Connecticut markets.”