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The Stonefield 587 Connecticut Ave 55 Unit Apartment Building For Sale Norwalk, CT 06854
INVESTMENT HIGHLIGHTS
- Prime Location | Low Maintenance Overhead
- Luxury Units with Stainless Steal and Granite Countertops
- Amenities including Gym, Rec-room, Lounge, Mailroom, and Off-street Parking
EXECUTIVE SUMMARY
Avison Young, as exclusive agent, is pleased to offer for sale The Stonefield, a newly constructed 90% market-rate apartment community located at 587 Connecticut Avenue, Norwalk, CT. This modern development features a centrally located four-story 55-unit apartment complex featuring elegant unit finishes, private balconies, secure covered and surface parking, and in-demand amenities. The units are meticulously well-kept with many occupied by long-term tenants at-or-below market rents.
The Property offers a range of amenities, including a resident club room and lounge, game and billiards room, fitness center, and landscaped outdoor patio with fire pit and grilling area and dog park. The apartments are filled with natural light and feature spacious layouts, LVT hardwood floors, and premium finishes, providing residents with a sophisticated living experience.
The Property offers a range of amenities, including a resident club room and lounge, game and billiards room, fitness center, and landscaped outdoor patio with fire pit and grilling area and dog park. The apartments are filled with natural light and feature spacious layouts, LVT hardwood floors, and premium finishes, providing residents with a sophisticated living experience.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.96 AC |
| No. Units | 55 | Building Size | 96,691 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 5 |
| Apartment Style | Mid-Rise | Year Built | 2016 |
| Building Class | A | Parking Ratio | 0.25/1,000 SF |
| Sale Type | Investment |
| No. Units | 55 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | A |
| Lot Size | 0.96 AC |
| Building Size | 96,691 SF |
| Average Occupancy | 100% |
| No. Stories | 5 |
| Year Built | 2016 |
| Parking Ratio | 0.25/1,000 SF |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Washer/Dryer
- Granite Countertops
- Stainless Steel Appliances
- Patio
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- Fitness Center
- Gameroom
- Grill
- Pet Play Area
- Bicycle Storage
- Elevator
- Lounge
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 40 | $2,368 | 610 - 790 |
| 2+2 | 15 | $3,050 | 1,107 - 1,213 |
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The Stonefield | 587 Connecticut Ave
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