The Stonefield Apartments Listing Details & Market Data

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

  • For Sale $18,195,000
  • 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

Contacts

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574

Location

Getting Around

  • Walk Score ®

    Somewhat Walkable (58)

  • Transit Score ®

    Some Transit (42)

  • Bike Score ®

    Somewhat Bikeable (30)
Powered by Walk Score ®
  • 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

  • Burger King

    0.05 miles

  • Dunkin'

    0.05 miles

  • Piazza Pizza & Pasta

    0.15 miles

  • Wendy's

    0.19 miles

  • Dunkin' Donuts

    0.29 miles

  • Donut Delight

    0.35 miles

  • KFC

    0.37 miles

  • McDonald's

    0.42 miles

  • Dunkin'

    0.55 miles

  • Post Road Diner

    0.57 miles

  • Norwalk Community College

    0.52 miles

  • Brookside School

    0.63 miles

  • Brien McMahon High School

    1.01 miles

  • Washington Elementary School

    1.04 miles

  • Benjamin Franklin Middle School

    1.09 miles

  • Columbus Magnet School

    1.20 miles

  • Side by Side Charter School

    1.30 miles

  • Roton Middle School

    1.39 miles

  • Nathaniel Ely Elementary School

    1.41 miles

  • Fox Run School

    1.45 miles

  • Landmark Preschool (Westport Campus)

    4.96 miles

  • Children's Learning Centers of Fairfield County

    6.71 miles

Contact Listing Broker

broker

Brad Balletto

Northeast Private Client Group

(203) 307-1574