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241-251 Castle Avenue Multifamily In Fairfield, CT Sells For $2.68M With Brokers Jeff Wright, Rich Edwards, Brad Balletto, Bob Paterno, And John Lockhart

241-251 Castle Avenue
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This MultiFamily property located in CT was sold for $2,675,000 about 3 years ago. The brokers of the deal were John Lockhart, Richard (Rich) Edwards, Jeff Wright, and Robert "Bob" Paterno

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.

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Deals
  • Location
    241-251 Castle Avenue, Fairfield, CT, USA241-251 Castle Avenue, Fairfield, CT, USA
  • Sale Price
    $2,675,000$2,675,000
    $1,441 PPSF$1,441 PPSF
  • Area
    1,856 SF1,856 SF
  • Asset Type
    MultiFamilyMultiFamily
  • Parties
    4 Brokers, 1 Agency4 Brokers, 1 Agency

Agents

John Lockhart

John Lockhart

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Sold$40.2M

Agency

NorthEast Private Client Group

NorthEast Private Client Group

Agency
Deals153
Volume$901.6M

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Deal Summary

SALE IMAGE: John Lockhart, Bob Paterno, Jeff Wright, Rich Edwards & Brad Balletto DATE: 02/17/2021 ADDRESS: 241-251 Castle Avenue MARKET: Fairfield, CT ASSET TYPE: Multifamily BROKERS: Jeff Wright, Rich Edwards, Brad Balletto, Bob Paterno, & John Lockhart - Northeast Private Client Group SALE PRICE: $2,675,000 SF: 1,856 ~ PPSF: $1,441 UNITS: 6 ~ PPU: $445,833 CAP RATE: 5.4%

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241-251 Castle Avenue

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