Updated Feb 20, 2026
Invictus Real Estate Partners Acquires Mixed-Use Property In Norwalk, CT For $157M
515 West Ave, Norwalk, CT 06850, USA
$157,000,000
$2,803/SF
Building Size
56,000 SF
Asset Type
MultiFamily
Closing
Sep 23, 2020
About this deal
AI
The mixed-use property located at 515 West Avenue in Norwalk, CT has been sold for a total price of $157,000,000. The transaction was completed on September 24, 2020. The property, owned by Carmel Partners and Ron Zeff, was purchased by Invictus Real Estate Partners, represented by Eric Scheffler.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $157,000,000
- Address: 515 West Avenue, Norwalk, CT
- Market: Norwalk, CT
- Seller: Carmel Partners – Ron Zeff
- Buyer: Invictus Real Estate Partners – Eric Scheffler
Invictus Real Estate Partners, led by Eric Scheffler, successfully acquired the mixed-use property located at 515 West Avenue in Norwalk, CT from Carmel Partners and Ron Zeff. This significant transaction highlights the continued investment activity in the Norwalk market.
On the Map
$157,000,000
$2,803/SF
MultiFamily
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Players
Norwalk MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.10%
Cash-on-Cash
-0.03%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93