A five-unit building in Norwalk has been sold for $1,710,000 by BPC Capital Management III LLC to BBB Investors LLC. The seller was represented and the buyer procured by Matt Cawley, president of National Multifamily Corp.
The property is located at 2 Park St. and features four one bedroom units and one loft studio. The building was constructed in 1900 and renovated in 2017. The units are described as being oversized. The lot is 0.22-acre and has 10 parking spaces.
“We are pleased to have represented the seller who had meticulously renovated the property in 2017,” Cawley said. “The owners’ top-notch renovations combined with our marketing pushed the pricing boundaries with the deal closing as one of the highest price per unit and the highest price per square foot recorded for a multifamily property in Norwalk. “
The per-unit price was $342,000. Cawley said that the buyer already owns other properties in the area.
