Aberdeen Begins Selling Greenwich Townhouses

By Dees Stribling, Contributing Editor

Greenwich, Conn.—Aberdeen Realty Group has unveiled Milbank Court, a “re-imagined” townhouse project in downtown Greenwich, Conn., in metro New York, which the company is selling individually. All together there will be 17 residences ranging from about 2,660 square feet to 3,170 square feet, with prices beginning at $1.865 million.

Aberdeen bought the property in 2012 from Square Mile Capital Management LLC and Ascent Real Estate Advisors for $18 million, or just north of $1 million per unit. It had been built in stages in the 1990s and ’00s, and featured two- and three-bedroom rental residences.

The re-imagined interiors are by AKC, and the property features private gardens by Rutherford Associates. In-residence amenities include coffered ceilings and oak hardwood floors throughout, living rooms with granite fireplaces and master-bedroom bathrooms with radiant heated limestone flooring, freestanding soaking tubs, and showers with mosaic tile flooring. Kitchens feature custom cabinetry and white Venetino-honed marble countertops.

Though not a TOD, Milbank Court is roughly a five-minute walk from the Metro North train station, which connects Greenwich with Manhattan, and it’s near the posh-retail Greenwich Ave. Houlihan Lawrence, which specializes in the northern suburbs, is the exclusive sales and marketing agent for the property.

The market for condos in Connecticut has heated up recently, as in much of metro New York. In Greenwich specifically, according to the Warren Group, condo sales doubled in February 2014 compared to February 2013, mostly because more inventory came on the market to meet demand.