November 19, 2019 Comments Off on SoNo Apartments Trade for $14M Views: 535 New Jersey, New York News, Tri-State Area New York

SoNo Apartments Trade for $14M

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CBRE arranged the $14-million sale of Haviland Gates, a 29-unit luxury apartment community in South Norwalk, CT. The firm’s Louis Zuckerman and Patrick Colwell represented the seller, Post Road Group, and also procured the undisclosed buyer.

The buyer, who is new to the market, plans to continue to operate and manage the rental property as-is, according to CBRE.

“Haviland Gates is a one-of-a-kind asset in the Norwalk multifamily market, comprising expansive townhouses with private yards and garages in a prime location just steps from award-winning restaurants, public transit and the water,” said Zuckerman. “These desirable attributes will allow the buyer to leverage the strong existing cash flow, with opportunity to re-position to a higher level of quality and upward rental growth.”

Situated at 8-16 Haviland St., the property is one block from South Norwalk’s restaurant, nightlife and retail strip, and half a mile from the new SoNo Collection mall.

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