A real estate investor who lives in Florida has bought a five-unit, 125-year-old apartment building in Norwalk for $1.71 million, according to land records. Bob Conklin, of Jupiter, Florida, has purchased the 6,118-square-foot, 2.5-story building, at 2 Park St., from Bradford Craighead, of South Salem, New York, doing business as BPC Capital Management III LLC. […]
A real estate investor who lives in Florida has bought a five-unit, 125-year-old apartment building in Norwalk for $1.71 million, according to land records.
Bob Conklin, of Jupiter, Florida, has purchased the 6,118-square-foot, 2.5-story building, at 2 Park St., from Bradford Craighead, of South Salem, New York, doing business as BPC Capital Management III LLC. Craighead bought the property in 2015.
The structure was built in 1900 and sits on a 0.22-acre parcel, according to property records. It has clapboard siding and a gable roof structure.
Conklin, an assurance partner for PwC, said he made the purchase as a real estate investment.
The property was appraised at $1.1 million and assessed at $769,200 in 2003, property records show.
National Multifamily Corp President Matt Cawley represented the seller and procured the buyer in the deal.
“We are pleased to have represented the seller who had meticulously renovated the property in 2017," he said. "The owners’ top-notch renovations combined with our marketing pushed the pricing boundaries with the deal closing as one of the highest price per Unit and the highest price per square foot recorded for a multifamily property in Norwalk. The building will fit nicely in the buyer’s portfolio as they already own multiple properties nearby.”
