South Norwalk, CT CBRE has arranged the $14 million sale of Haviland Gates, a 29-unit apartment community. CBRE’s Louis Zuckerman and Patrick Colwell represented the seller, Post Road Group, and also procured the buyer.
Haviland Gates is a multifamily rental community offering one to three-bedroom apartments with up to 2,250 s/f of living space. The buyer, who is new to the market, plans to continue to operate and manage the rental property as is.
“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, a vice president at CBRE. “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 located one block from the area’s restaurant, nightlife and retail strip and a half mile from the new SoNo Collection mall. Haviland Gates is within walking distance of the Metro North station, offering a one-hour commute to Manhattan.