Photo courtesy of CBRE

A well-leased boutique office building near the Greenwich Metro-North train station was acquired for $15.5 million by a local real estate investor.

Greenwich-based HB Nitkin bought the 43,985-square-foot building at 53 Forest Ave. from Collins Capital Partners in a transaction brokered by CBRE’s Stamford office.

The sales price equates to $352 per square foot.

The property is currently 82 percent leased to financial and investment companies, and 98 percent of tenants have signed lease renewals or new deals since 2020.

Greenwich’s downtown office market has weathered the upheavals of the pandemic era better than many of the surrounding submarkets. At the close of the second quarter, vacancies were 8.4 percent and average asking rents were $114 per square foot, according to CBRE research.

“53 Forest provides tenants a high-quality alternative to Greenwich Avenue, where rents easily exceed $100 per square foot,” CBRE Vice Chairman Jeffrey Dunn said in a statement.