Kort & Scott Financial Group Acquires Multifamily Property In Norwalk For $81M

Located at 12700 Bloomfield Avenue in Norwalk, this multifamily property was recently sold in a closed transaction. The sale took place on August 19, 2021. The property consists of 192 units with a total square footage of 173,568. The sale price for this transaction was $81,000,000, resulting in a price per unit (PPU) of $421,875 and a price per square foot (PPSF) of $466.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $81,000,000
• Address: 12700 Bloomfield Avenue, Norwalk
• Market: Norwalk

Kort & Scott Financial Group, represented by Lee M. Kort and Michael H. Scott, acquired the property from Tokyu Land Corporation, RedHill, and Shelter Asset Management. The buyer was assisted by the brokers Sean Deasy, Peter Yorck, Nick Lavin, Chelsea Jervis, and AJ Fritts from JLL Capital Markets.