-Leading investment sales firm represents the seller and procures buyer in the transaction in Norwalk, Connecticut–
Shelton, CT (November 29, 2023)- Northeast Private Client Group® (NEPCG) has announced the sale of 6 Elm Street, a multifamily investment property in Norwalk, CT.
Senior Vice President Brad Balletto, and Senior Associates Rich Edwards and Jeff Wright represented the seller and procured the buyer in the transaction.
The 12-unit, 12,043 square-foot multifamily property is located at 6 Elm Street in Norwalk, CT.
“This property was offered for sale through a competitive off-market process and sold to an investor out of New Haven County in an all-cash transaction with a 14-day close. The new owner plans to convert the central heating system to individual metering and to implement a renovation program to achieve further rental premiums. Given the lower Fairfield County location, 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,” stated Rich Edwards, 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 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.