March 19, 2021 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a 2-unit Multi-Family building in Fairfield, Connecticut. Horvath & Tremblay exclusively represented the seller to complete the transaction at a sale price of $600,000.
The Property is located at 726 Black Rock Turnpike and contains two (2) apartments spread over 2,023 square feet of living area in 3,750 square feet of gross area on a 0.17-acre parcel with ample off-street parking. The unit mix includes one (1) 3-Bedroom/1-Bathroom apartment and one (1), 2-Bedroom/1-Bathroom apartment. Each unit is separately metered for electricity and gas, which the tenants pay directly, and features in-unit washers and dryers. The Property sits along Black Rock Turnpike and offers convenient access to King’s Highway (US Route 1), Interstate-95, and the Merritt Parkway, all located within close proximity of the Property, providing convenient access throughout Fairfield County and all of southern Connecticut. The Property is easily walkable to public transportation. The Fairfield Metro Train Station on the Metro-North Line from New York City is located approximately 0.75 miles from the Property. 726 Black Rock Turnpike is located in a residential neighborhood made up of single and multi-family properties, close to area shopping and just minutes from Downtown Fairfield and Black Rock. The location is walkable to numerous shopping, dining and entertainment amenities including Walgreens, CVS, a Stop & Shop anchored shopping center, Whole Foods, Starbucks, fitness centers, and Fairfield Cinemas.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.