South Norwalk’s Haviland Gates multifamily property sells for $14M

Haviland Gates, a 29-unit luxury apartment community at 8-16 Haviland St. in South Norwalk, has sold for $14 million.

The development is a multifamily rental community offering one to three-bedroom apartments ranging from 800 to 2,250 square feet of living space; the original development dates back to the 1860s. CBRE”™s Louis Zuckerman and Patrick Colwell represented the seller, Post Road Group, and also procured the buyer in the deal, who was not publicly identified.

“Haviland Gates is a one-of-a-kind asset in the Norwalk multifamily market, comprising expansive townhouses with private yards and garages in a prime location just steps from award-winning restaurants, public transit and the water,” said Zuckerman, a vice president at CBRE. “These desirable attributes will allow the buyer to leverage the strong existing cash flow with opportunity to re-position to a higher level of quality and upward rental growth.”