The Stonefield Apartments

For Sale

587 Connecticut Avenue, Norwalk CT 06854, Norwalk, CT 06854

This Norwalk property for sale is located at 587 Connecticut Avenue, Norwalk CT 06854. The current listed sale price for The Stonefield Apartments is $18,195,000.

Contacts

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574

Property Details

  • Property Type Multi-Family
  • Property Size 61,427 SF
  • Units 55
  • Year Built 2017
  • Date Updated Jan 22, 2024
Norwalk, CT.Northeast Private Client Group is pleased to present the exclusive opportunity to purchase “The Stonefield Apartments”, a 61,427 SF (GLA) core-plus asset featuring 55 luxury apartments located in Norwalk CT. The Stonefield is a 61,427 SF (GLA) core-plus asset featuring 55 luxury apartments located in Norwalk CT. Built in 2017, the property features modern amenities including an elevator, leasing office, package management system, fitness center, recreation/game room, community lounge, dog park, bicycle storage, landscaped BBQ & picnic area, and covered & surface parking. All units feature open layouts, modern fixtures, high-end finishes, walk in closets, in-unit washer and dryer, and balconies. Located directly on Connecticut Avenue (Route 1) just 1 mile from the Darien border and less than one minute from Interstate 95 on and off ramps, the property provide tenants tremendous access to employment, transportation, and shopping. Within just a 5-minute drive tenants can enjoy all South Norwalk (SoNo) has to offer as one of the premiere dining, entertainment, and nightlife hubs in the state of Connecticut, with Metro North rail connection to NYC.

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Highlights

  • Immediate and Easily Obtainable Value-Add Opportunity
  • "Low Hanging Fruit" - Minimal Investment Capital Required to Harvest Upside
  • Ability to Increase Revenue $275,000+
  • Highly Amenitized
  • Significant Rent-Growth Tailwinds
  • Ideal Location - Minutes from Downtown Darien and South Norwalk
  • Transit-Oriented Location along Route 1
  • Outstanding Demographics

Getting around

  • 58/100

    Walk Score ®

  • 42/100

    Transit Score ®

  • 30/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Norwalk, CT
  • Neighborhood North Norwalk
  • Zip Code 06854
  • Market Bridgeport New Haven

Points of Interest

  • South Norwalk

    1.19 miles

  • Rowayton

    1.30 miles

  • Darien

    1.94 miles

  • East Norwalk

    2.17 miles

  • Talmadge Hill

    3.10 miles

  • Noroton Heights

    3.31 miles

  • Merritt 7

    3.57 miles

  • Springdale

    3.84 miles

  • Westport

    4.14 miles

  • Glenbrook

    4.30 miles

  • Shell

    0.38 miles

  • Shell

    0.55 miles

  • Mobil

    1.38 miles

  • Tesla Supercharger

    1.42 miles

  • Mobil

    1.71 miles

  • Shell

    1.74 miles

  • Shell

    2.15 miles

  • Citgo

    2.17 miles

  • Gulf

    3.02 miles

  • Mobil

    3.05 miles

  • Walmart

    0.22 miles

  • South Norwalk Station Parking Garage

    1.16 miles

  • Ambulance Parking

    1.56 miles

  • 90 Tokeneke Road Parking Lot

    1.64 miles

  • 120 Tokeneke Road Parking Lot

    1.66 miles

  • Courthouse Employee Parking

    2.03 miles

  • Government Vehicles Only

    2.28 miles

  • Handicapped Parking

    2.31 miles

  • Bus Parking

    2.66 miles

  • Taylor farm

    2.80 miles

  • DoubleTree by Hilton Hotel Norwalk

    0.56 miles

  • The Guest House at Norwalk Inn

    2.39 miles

  • Norwalk Inn and Conference Center

    2.42 miles

  • Hotel Zero Degrees Norwalk

    3.10 miles

  • Norwalk-Westport Motel

    3.36 miles

  • Garden Park Motel

    3.41 miles

  • Extended Stay America - Norwalk - Stamford

    3.45 miles

  • EVEN Hotel Norwalk, an IHG Hotel

    3.62 miles

  • Econo Lodge Norwalk

    3.69 miles

  • Courtyard by Marriott Norwalk

    4.02 miles

  • Darinor Plaza

    0.21 miles

  • Kohl's

    0.21 miles

  • Walmart Supercenter

    0.25 miles

  • Stop & Shop

    0.39 miles

  • ShopRite

    0.46 miles

  • TJ Maxx

    0.56 miles

  • Patel Brothers

    0.60 miles

  • Bloomingdale's

    1.45 miles

  • The SoNo Collection

    1.46 miles

  • Nordstrom

    1.54 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574