MULTIFAMILY PROPERTY SOLD IN FAIRFIELD

Northeast Private Client Group® (NEPCG) recently announced that its Metro North investment sales team brokered the sale of 100 Castle Ave. in Fairfield, Connecticut.

Senior Associates Jeff Wright and Rich Edwards represented the seller and procured the buyer for the multifamily transaction.

100 Castle Ave. sold for $1,650,000, equating to a price of $412,500 per unit. The 4-unit townhome property is conveniently located between Blackrock Turnpike and Kings Highway. Each unit of the 11,081-square-foot property consists of three bedrooms and 2.5 baths with a two-car garage. All four units have hardwood floors, high-end updated kitchens, granite counters, and were built in 2007.

Wright and Edwards have closed a sales volume of over $600 million across 118 transactions. They specialize in multifamily, office buildings, shopping centers and retail/mixed-use properties throughout Connecticut.

Northeast Private Client Group® specializes in mixed-use, retail and multifamily real estate, exclusively representing investors, property owners and professional real estate investors. To date, more than 1,000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.