Beachwold Residential Acquires Norwalk Multifamily For $293.5M With Brokers Cushman & Wakefield

The sale of a multifamily property located at 515 West Ave & 30 Orchard St in Norwalk, CT has been completed. The transaction was handled by brokers Adam Spies, Adam Doneger, Brian Whitmer, and Ryan Dowd from Cushman & Wakefield. The property was purchased by Beachwold Residential from sellers Invictus Real Estate Partners and 166 2nd Financial Services for a total sale price of $293,500,000. The property consists of 662 units, with a price per unit of $443,353.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $293,500,000
• Address: 515 West Ave & 30 Orchard St, Norwalk, CT
• Market: Norwalk, CT
• Buyer: Beachwold Residential
• Seller: Invictus Real Estate Partners & 166 2nd Financial Services
• Brokers: Adam Spies, Adam Doneger, Brian Whitmer, and Ryan Dowd - Cushman & Wakefield
• Units: 662
• Price Per Unit: $443,353

The sale of the property was completed on 05/24/2022. This transaction involved the collaboration of multiple parties, including Beachwold Residential as the buyer and Invictus Real Estate Partners, as well as 166 2nd Financial Services, as the sellers. The deal was facilitated by brokers Adam Spies, Adam Doneger, Brian Whitmer, and Ryan Dowd from Cushman & Wakefield.