Three multifamily Norwalk properties sell for $4.3M

As seen in Westfair Communications

 Northeast Private Client Group, a Shelton-based investment sales broker, has announced the sale of three multifamily properties located in Norwalk in separate transactions for a total sum of $4.3 million.

The transactions include the sale of 75 South Main St., a six-unit property sold for $1.2 million by Sono Court LLC of Norwalk to a private New York-based investor; 33 Seaview Ave., a six-unit multifamily property sold for $1.1 million by Fairfield Opportunity Investors LP to Aspetuck Partners LLC; and 77 Winfield St., an 11-unit property sold for $1.9 million by KMRK Investments LLC to Property 25 NR LLC.

“The Norwalk submarket commands strong interest from a regional group of investors,” said Brad Balletto, vice president of investments at Northeast Private Client Group. “Buyers from the entire New York Metro and throughout Connecticut recognize Norwalk as a buy opportunity. These sales demonstrate the tremendous demand for well-located Class-B and Class-C multifamily assets with easy access to transit, relative affordability when compared to Stamford or Westchester, attractive going in cashflow, and the opportunity to add value through physical and operational improvements.”

About Northeast Private Client Group

Northeast Private Client Group is the fastest growing mid-market investment sales firm in the Northeast, providing unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to each client’s needs. The firm’s collaborative and research-driven solutions are tailored to meet the individual needs of investors across the Northeast who are looking to buy, sell or exchange mid-market properties including mixed-use, multifamily, retail and office assets. Northeast Private Client Group’s highly disciplined process is just one of the many reasons the firm has earned CoStar’s Power Broker designation year after year, and been ranked on the Inc5000 list of America’s fastest-growing private companies. To learn more, visit: www.northeastpcg.com.