Northeast Private Client Group® (NEPCG) has announced the sale of Sherwood Square & Avon Apartments in Stratford, CT.
Senior VP Investments Brad Balletto and Senior Associate Robert Paterno represented the seller and procured the buyer for Sherwood Square & Avon Apartments portfolio multifamily investment properties in Stratford, CT.
Sherwood Square Apartments is located at 480, 490 & 498 Sherwood Place in Stratford, CT. The asset is a 105-unit multifamily property with eight (8) studios, 46 one-bedrooms, 50 two-bedrooms, and one single-family home with off-street parking and on-site laundry. The property is heated by a central gas-fired system and is conveniently located 0.7 miles from the Stratford Metro-North Train Station, a two-minute drive from Interstate 95, and is within a 30-minute drive of major employment centers in Stratford, Shelton, Westport, New Haven, Norwalk, and Stamford.
Avon Apartments, located at 1126 Stratford Avenue in Stratford, CT, is a 24-unit multifamily property with one studio and 23 one-bedroom apartments; Avon Apartments offers its tenants off-street parking and on-site laundry facilities. Heated by a central gas-fired system, the property is conveniently located 0.7 miles from the Stratford Metro-North Train Station, a two-minute drive from Interstate 95, and is a true turn-key value-add opportunity.
“Congratulations to the seller Navarino Properties on a successful investment. I sincerely appreciate the continued opportunities to be of service to them. It was an honor to both sell this property to them and represent them on the exit. Thank you to the buyer Maple Leaf on their first CT acquisition. You were an absolute pleasure to work with, and your execution was impeccable.” – Brad Balletto, Senior VP Investments
Northeast Private Client Group® specializes in mid-market mixed-use, retail, and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1000 successful transactions have been completed totaling over $3 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
