Home Fairfield Norwalk’s Merritt River Apartments is sold

Norwalk’s Merritt River Apartments is sold

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Merritt River ApartmentsMerritt River Apartments, a 227-unit development at 399 Main Ave. in Norwalk, has been sold.

The sale price for the property was not disclosed. CBRE, which handled the transaction, identified the seller as an “institutional owner” and the buyer as “a private New Jersey investment firm.”

Built in 2002, the eight-story property includes a clubhouse, fitness center, outdoor pool, fire pits, business center and covered parking garage. Rents on the property range from $1,723 for a 710-square-foot one-bedroom apartment to $2,962 for a 1,338-square-foot three-bedroom unit.

“We are very pleased to have handled the sale of Merritt River,” said Jeffrey Dunne, vice chairman of institutional properties at CBRE. “The past series of institutional owners have maintained the property to a high standard. As a result, the buyer should do very well with the property as they can grow revenue by renovating apartments.”

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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.

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