–Leading investment sales firm represents the seller and procures the buyer for the multifamily property in Fairfield, Connecticut–
Shelton, CT (April 15, 2022) – Northeast Private Client Group® (NEPCG) has announced that the Metro North Investment Sales Team the sale of 100 Castle Ave in Fairfield, CT.
Senior Associates Jeff Wright and Rich Edwards represented the seller and procured the buyer for the multifamily transaction.
100 Castle Ave, located in Fairfield, Connecticut, 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 11,081SF property consists of three (3) bedrooms, and 2.5 baths with a 2-car garage. All four units have hardwood floors, high-end updated kitchens, granite counters, and were built in 2007.
Senior Associates Jeff Wright and Rich Edwards have closed a sales volume of over $600 million across 118 transactions. Wright and Edwards specialize in multifamily, office buildings, shopping centers, and retail/mixed-use properties throughout Connecticut.
“This is a relatively new building with tremendous upside. The new owner is implementing a light capital expense plan to cure some deferred maintenance and modernize the units. With these upgrades, we expect this building will perform very well for the new owners.” – Jeff Wright, Senior Associate.
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 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
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