Milbank Court Townhouse Complex Sells Out

All 17 units of the Milbank Court townhouse development in downtown Greenwich have been sold.

The Greenwich brokerage Houlihan Lawrence announced Monday that the complex located on Milbank Avenue and East Elm Street is now 100% sold.

The sellout illustrates an uptick of buyers seeking an increasingly metropolitan lifestyle in an area traditionally known for large compounds and gated estates, according to the agency. According to Houlihan Lawrence’s latest Quarterly Market Report, median condominium prices surged more than 40% in the second quarter of 2015, with a particular interest in those closest to Greenwich Avenue.

Milbank Court went on the market a year ago.

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“Milbank Court offers the best of both worlds–urban amenities in a suburban setting,” said David Haffenreffer, Houlihan Lawrence’s Greenwich brokerage manager. “Buyers came from all over the region seeking out this dream location, which offers immediate access to downtown Greenwich.”

The two- and three-bedroom townhomes, which range from 2,786 to 3,360 square feet, were developed by James Cummings luxury real estate firm, Aberdeen Realty Group with interior designs by longtime Aberdeen design partner AKC Interiors. Each residence features a unique private garden and terrace, crafted by award-winning landscape architecture firm Rutherford Associates PC.

Prices of the townhouses started at $1.8 million with real estate taxes ranging from approximately $10,000 to $12,000 per year, and common charges not exceeding $800 per month.

Exclusive sales and marketing for Milbank Court was handled by BK Bates of Houlihan Lawrence.