DG Properties Sells 55-Unit Multifamily Building In Norwalk CT For $17.9M

The transaction involved a multifamily building located at 587 Connecticut Avenue in Norwalk, CT. The property sold for $17.9 million, which equates to $325,455 per unit, consisting of a total of 55 units.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $17,900,000
• Units: 55
• Price Per Unit: $325,455
• Seller: DG Properties
• Broker: Will Suarez - Avison Young
• Date of Sale: 04/28/2026
• Market: Norwalk, CT

A local investor group completed the purchase as part of a 1031 exchange, facilitated by the brokerage services of Will Suarez from Avison Young representing the seller, DG Properties.