Home Fairfield Fairfield’s Castle Place Townhomes sells for $2.6M

Fairfield’s Castle Place Townhomes sells for $2.6M

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Castle Place Townhomes, a six-unit residential development in Fairfield, has sold for $2.6 million.

Based at 241-251 Castle Ave., the units were constructed in 2007 and encompass 1,856 square feet with three bedrooms, two-and-a-half bathrooms and two-car garages.

The Metro North Investment Sales Team of Northeast Private Client Group (NEPCG) represented the seller, Castle Place LLC, and procured the buyer, Green Olive Property Management LLC.

“This was an extremely competitive bidding process, with a several strong offers from both local and out of state investors,” said Jeff Wright, NEPCG senior associate. “We attribute the competitiveness to the high demand for quality multi-family assets on the I-95 corridor, particularly in Fairfield County. We had multiple non-contingent offers, and ultimately, the property was sold to a New Haven County investor in a 1031 exchange who was able to close in all cash within 30 days.”

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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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