The Real Deal New York

Three multifamily properties in Norwalk sell for $4.3 million combined

July 26, 2018 12:42PM

A trio of multifamily properties in Norwalk have sold to three different buyers for a total of $4.3 million, the Fairfield County Business Journal reported. A New York-based investor bought a six-unit property on South Main Street for $1.2 million, Aspetuck Partners LLC bought another six-unit property on Seaview Avenue for $1.1 million, and Property 25 NR LLC bought a third, 11-unit property on Winfield Street for $1.9 million, the outlet reported. The vice president of Northeast Private Client Group, which announced the transactions, chalked the sales up to Norwalk’s “relative affordability when compared to Stamford or Westchester,” among other factors. [FBJ]