Four properties at the intersection of Mill Street and North Water Street in the Byram neighborhood of Greenwich have sold to Greenport Corners LLC, which according to the CT Secretary of the State’s website was formed in May 2025 and is registered to Toros H. Mangassarian of Rye, NY.
All of the properties are located in the LBR2 zone.
The first is 2-6 North Water Street which sold from Corner North Water Street, LLC (registered to Debra Karipedes and Stavros Karipedes) to Greenport Corners LLC on Oct 1, 2025 for $2,500,000. According to the Assessor’s office this property is .1148 acres.
This property was in the news in Feb 2024 when Free Enterprise Partners LLC,’ who operate “Check Cashing Plus”at a kiosk inside the The Laundry Room at 2 North Water Street wanted to operate a stand-alone check cashing business. Their attorney said the community was “under-banked.” The commission noted people without bank accounts were underserved, but were reluctant to do a text amendment to regs. The kiosk had been approved in 2012 to operate inside the laundromat that was limited to check casing and Western Union money orders as accessory to the primary retail use. That kiosk was owned by Ellen and Rick Freeman.
The Laundry Room at 2 North Water Street in Byram with high rise development in Port Chester in the background. Oct 24, 2025 Photo: Leslie Yager
Check cashing kiosk inside The Laundry Room.
13 North Water Street. Oct 24, 2025 Photo: Leslie Yager
13 North Water Street which was home to Greenview Pharmacy, was sold from 13 N Water St., LLC (registered to John and Maria Karipedes) to Greenport Corners LLC on Oct 1, 2025 for $2,400,000. According to the Assessor’s office this property is .1377 acres.
14 North Water Street (left) and 10 North Water Street (multi-family at right). Oct 24, 2025 Photo: Leslie Yager
14 North Water Street. Oct 24, 2025 Photo: Leslie Yager
14 North Water Street, a multi-family home dating back to 1894, sold from 13 N. Water St., LLC to Greenport Corners LLC on Oct 1, 2025 for $1,700,000. According to the Assessor’s office this property is .1150 acres.
10 North Water Street that was longtime home to Famous Greek Kitchen, photographed in 2019
The property at 10 North Water Street was home to Famous Greek Kitchen since 1978, operating in early years as a simple pizza and souvlaki eatery and later transforming into a more upscale restaurant following a renovation and re-naming.
10 North Water Street from 10 North Water LLC (registered to Maria Katsaros) to Greenport Corners LLC on Oct 1, 2025 for $2,400,000. According to the Assessor’s office the property is .1132 acres.
Back in 2019 they got permission for outdoor dining with a valet parking scheme, since the restaurant had a parking deficiency.
Then they offered takeout and delivery during Covid.
But it was a flood around the first of this year that caused extensive water damage that the owners decided to close, saying on social media, “When we had the flood earlier this year, we truly thought we’d be back soon. But as time went on and the repairs stretched further than expected, we found ourselves facing a decision none of us took lightly. After many long talks and a lot of reflection, we decided it was time to close this chapter and officially sell the restaurant.”
The restaurant went on to say there new plans in the works: “And while the restaurant itself may be gone, the story of Famous Greek Kitchen is far from over. Something exciting is already in the works, a way to keep our legacy, our recipes, and our memories alive in a new and meaningful way. We can’t say much just yet, but trust us, you’ll want to stay tuned.
Mike Parelli, a local real estate agent, posted an Instagram video of his “Walk through Mini Brooklyn,” moving from the corner of N Main St and Mill St in Port Chester where a “high end luxury building,” (Tarry Lighthouse, 200+ unit rental apartments with commercial use on the ground floor) nears completion.
His walk continues across the Mill Street Bridge where he points toward the intersection of North/South Water Street in Byram.
“These buildings will probably all be redeveloped similar to something like that,” he pivoting back to Tarry Lighthouse, whose name is a nod to the former Tarry Lodge restaurant.
Of course zoning is a different beast in Greenwich.
In Byram, developers cannot build a six story building as-of-right.
However, Connecticut’s affordable housing statute 8-30g does exempt developers from local zoning, meaning a similar multi story building would be possible.
However, 8-30g makes no mention of commercial uses.
This was an issue when P&Z in Greenwich considered the proposal for two multi story buildings on Mason Street at the former Honda dealership.
Initially the proposal was denied. It was later approved but with significant conditions. The developer sued Greenwich Planning & Zoning, and the case is scheduled with a trial date of Dec 10, 2025.
See also:
P&Z Watch: Greenwich Drafts Smoke Shop Restrictions after Byram Neighbors Complain
Up to the Minute Greenwich Property Transfers, Sept 26-30, 2025
Up to the Minute Greenwich Property Transfers, Sept 22-24, 2025
Up to the Minute Greenwich Property Transfers, Sept 15-19, 2025
P&Z Commission Approves First New Building In Old Greenwich Village District
Greenwich Assessor Begins Revaluation for the October 1, 2025 Grand List
P&Z Concerns Persist over Sewer Agreement with NY for 170-Unit 8-30g on King Street