A multifamily property located at 241-251 Castle Avenue in Fairfield, CT was recently sold. The property consists of 6 units with a total area of 1,856 square feet. The sale price for this transaction was $2,675,000, resulting in a price per square foot of $1,441. The cap rate for this property was reported to be 5.4%.

Summary of transaction details

• Property Type: Multifamily
• Transaction Amount: $2,675,000
• Square Footage: 1,856
• Price per Square Foot: $1,441
• Units: 6
• Price per Unit: $445,833
• Cap Rate: 5.4%

The sale of this multifamily property was facilitated by the brokers Jeff Wright, Rich Edwards, Brad Balletto, Bob Paterno, and John Lockhart from the Northeast Private Client Group. They represented the parties involved in the transaction and played a significant role in the successful completion of the deal.