GREENWICH, CONN.— Jeffrey Dunne and Christopher Leonard of CBRE represented a joint venture of Ascent Real Estate Advisors LLC and Square Mile Capital Management LLC in the $18 million sale of Milbank Commons, a 17-unit townhome community located in downtown Greenwich.
Milbank Commons is a 17-unit townhome rental property situated two blocks from Greenwich Avenue, nicknamed the “Rodeo Drive of the East” and offering retail and lifestyle amenities in the region highlighted by Apple, Richard’s, Restoration Hardware, Vineyard Vines, Bang & Olufsen, Tiffany & Co., Papyrus, Starbucks, CVS, People’s Bank, New York Sports Club and many others. Milbank is within easy walking distance of the Greenwich Metro-North train station (42-minute express ride to Grand Central Terminal).
Milbank Commons was developed as a luxury rental community in several stages from the late 1990s to early 2000s and consists of a mix of two- and three-bedroom townhomes with varied layouts and furnishings, individual garages and high ceilings.