Home Fairfield Three multifamily Norwalk properties sell for $4.3M

Three multifamily Norwalk properties sell for $4.3M

75 South Main St. in Norwalk. Photo courtesy of LoopNet.

Northeast Private Client Group, a Shelton-based investment sales broker, has announced the sale of three multifamily properties located in Norwalk in separate transactions for a total sum of $4.3 million.

The transactions include the sale of 75 South Main St., a six-unit property sold for $1.2 million by Sono Court LLC of Norwalk to a private New York-based investor; 33 Seaview Ave., a six-unit multifamily property sold for $1.1 million by Fairfield Opportunity Investors LP to Aspetuck Partners LLC; and 77 Winfield St., an 11-unit property sold for $1.9 million by KMRK Investments LLC to Property 25 NR LLC.

“The Norwalk submarket commands strong interest from a regional group of investors,” said Brad Balletto, vice president of investments at Northeast Private Client Group. “Buyers from the entire New York Metro and throughout Connecticut recognize Norwalk as a buy opportunity. These sales demonstrate the tremendous demand for well-located Class-B and Class-C multifamily assets with easy access to transit, relative affordability when compared to Stamford or Westchester, attractive going in cashflow, and the opportunity to add value through physical and operational improvements.”

Previous articleThird-party review recommended for Wilton Heights development
Next articleHilton Garden Inn opens in Dobbs Ferry
Phil Hall's writing for Westfair Communications has earned multiple awards from the Connecticut Press Club and the Connecticut Society of Professional Journalists. He is a former United Nations-based reporter for Fairchild Broadcast News and the author of 10 books (including the 2020 release "Moby Dick: The Radio Play" and the upcoming "Jesus Christ Movie Star," both published by BearManor Media). He is also the host of the SoundCloud podcast "The Online Movie Show," co-host of the WAPJ-FM talk show "Nutmeg Chatter" and a writer with credits in The New York Times, New York Daily News, Hartford Courant, Wired, The Hill's Congress Blog, Profit Confidential, The MReport and StockNews.com. Outside of journalism, he is also a horror movie actor - usually playing the creepy villain who gets badly killed at the end of each film.

LEAVE A REPLY

Please enter your comment!
Please enter your name here