Two-property multifamily portfolio sells for $1.675M

A portfolio consisting of a pair of Fairfield County multifamily properties sold for $1.675 million.

Churchill Street Apartments at 109 Churchill St. in Fairfield sold for $815,000. The property is comprised of two three-bedroom apartments and one two-bedroom apartment.

5 West Main in Norwalk sold for $860,000. The property is comprised of one three-bedroom apartment, one two-bedroom apartment and two one-bedroom apartments.

Vendome Properties was the seller in the transaction and Marash and Anila Voka were the buyers.

“Given the lower Fairfield County locations, upside potential, and smaller deal size, this was a very competitive process with multiple bids. Despite the sharp rise in interest rates, lower Fairfield County multifamily continues to prove to be desirable and in high demand,” said Northeast Private Client Group Senior Associate Rich Edwards, who coordinated the sale with Senior Associate Jeff Wright and Associate Patrick Hegarty.

Photo: 5 West Main St. in Norwalk