December 21, 2023 – Stavros Filippidis and Tom Connor of Horvath & Tremblay have successfully completed the sale of a 6-unit Multi-Family building in Norwalk, Connecticut. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $1,475,000.
1 Rowan Street in Norwalk, Connecticut is comprised of a three-story multi-family building containing six (6), 2-Bedroom/1-Bathroom units with 4,431 square feet of living area in 6,163 square feet of total area. The well-maintained apartment building was constructed in 1924 on a 0.11-acre parcel of land. The Property features newer windows and siding, a new exterior patio, and a freshly paved on-site parking area for residents. The interior of the units has been well maintained and feature hardwood and tile floors. The Property is located on a quiet residential street seconds from Veterans Memorial Park and Marina. Additionally, the Property is just a short walk from Calf Pasture Beach. The location is walkable to numerous shopping, dining, and entertainment amenities in South Norwalk (SoNo) as well as the 700,000 square foot “SoNo Collection”. In addition to the upscale stores and boutiques in SoNo, the Property is also close to area grocers, pharmacies, restaurants, and general retailers. 1 Rowan Street offers convenient access to public transportation with Norwalk Transit “Wheels” bus service located steps away at the intersection of Van Zant Street and Osbourne Avenue. The East Norwalk Train Station on the Metro-North Line from New York City is also located 0.25 miles from the Property. The Property offers convenient access to US Route 1, the area’s primary commercial corridor, CT Route 7 and Interstate-95, all located within 1-mile of the Property, providing convenient access throughout Fairfield County and all of southern Connecticut.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.