242 FAIRFIELD AVENUE
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Location
242 FAIRFIELD AVENUE
Mblu
003/ 5955/ / /
Acct#
003-5955
Owner
PHF II STAMFORD LLC
Total Market Value
$14,188,230
Appraisal
$20,268,890
PID
14717
Building Count
1
Legal Description
District
:
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2025$11,589,870$8,679,020$20,268,890
Assessment
Valuation YearImprovementsLandTotal
2025$8,112,920$6,075,310$14,188,230

Owner of Record
OwnerPHF II STAMFORD LLC
Co-Owner
Address12735 MORRIS ROAD EXTENSION
SUITE 400
ALPHARETTA, GA 30004
Sale Price$69,000,000
Book & Page 8746/0141
Sale Date10/17/2006
Instrument00

Ownership History
Ownership History
OwnerSale PriceBook & PageInstrumentSale Date
PHF II STAMFORD LLC$69,000,0008746/01410010/17/2006
SCT HOSPITALITY LLC$51,815,6007008/00850007/21/2003
SLT REALTY LTD PTNSP$04774/0082 06/11/1997
STAMFORD HOTEL LIMITED PTNSP$03179/00252512/24/1987

Building Information
Building 1 : Section 1
Year Built: 1984
Living Area: 272,690
Building Attributes
FieldDescription
Style:Hotel
ModelComm/Ind
GradeC
Stories: 
Occupancy484.00
Exterior Wall 1Precast Panel
Exterior Wall 2 
Roof StructureFlat
Roof CoverT&G/Rubber
Interior Wall 1Drywall/Plaste
Interior Wall 2 
Interior Floor 1Carpet
Interior Floor 2Ceram Clay Til
Heating FuelGas/LP
Heating TypeForced Air-Duc
AC TypeCentral
Bldg UseCommercial MDL-94
Total Rooms 
Total Bedrms00
Total Baths0
1st Floor Use:200
Heat/ACHeat/AC Pkgs
Frame TypeFireProofSteel
Baths/PlumbingAverage
Ceiling/WallCeil & Wall
Rooms/PrtnsAverage
Wall Height8.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
FUSUpper Story, Finished 245,421 245,421
BASFirst Floor 27,269 27,269
PNTPenthouse Storage 2,044 0
   274,734 272,690

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
CP6Canpy W/Slab3200.00 S.F$26,0501
EL2Elev Pass53.00 STOPS$1,399,2001
EL1Elev Frght2.00 STOPS$52,8001
PGBParking Garage Below135717.00 S.F$1,492,8901
SPR1Sprinklers - Wet274734.00 S.F.$244,7901
SPR3Sprinklers- Dry135700.00 S.F.$80,6101
LS2Pool Indoor800.00 S.F.$28,5101
HT2Sauna1.00 UNITS$2,9701
EL3Escalator1.00 UNITS$56,1001

Land
Land Use
Use Code200
DescriptionCommercial MDL-94  
ZoneCI
Neighborhood0200
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)5.20
Depth
Total Market Land$6,075,310
Appraised Value$8,679,020

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
AP1Fence Chn Lk  1958.00 L.F.$18,3601
TC1Tennis Ct  1.00 UNITS$39,3801
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2024$11,589,870$8,679,020$20,268,890
2023$11,589,870$8,679,020$20,268,890
2022$11,589,870$8,679,020$20,268,890

Assessment
Valuation YearImprovementsLandTotal
2024$8,112,920$6,075,310$14,188,230
2023$8,112,920$6,075,310$14,188,230
2022$8,112,920$6,075,310$14,188,230

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