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Property profile & analytics
OFF-MARKET
Estimated value
$1,855,000
Apartment buildings
289 Main Ave Norwalk, CT 06851-6157
Entity Owned
3-yr Hold
Property ID
US15-0045291
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1977
Construction
STEEL FRAME
Total area
20,576 SF
Lot
0.42 ac (18,339 SF)
Zoning code
B2
APN
NORW M:5 B:47 L:12
UPID
US15-0045291
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
289 Main Avenue Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.84M
Blend (final)
Blend
$1.86M
Owner & transaction history
Main 289 Nct LLC · 3 yrs held
Main 289 Nct LLC
since 2022
7 recorded transactions
Zoning & alternative use
B2 · Norwalk, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Norwalk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Norwalk submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.86M
Range $1.67M – $2.04M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$90 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$55,174
Tax year 2023
Assessed value
$2,192,820
Assessed 2023
Previous assessed
$2,192,820
+0.0% YoY
Effective rate
2.52%
On assessed value
Assessed land
$874,130
Assessed improvement
$1,318,690
Applied tax rate
129.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
1977
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
YES
Buildings
1
Stories
3
Units
40
Rooms
80
Bathrooms
40
Total area
20,576 SF
Lot
0.42 ac (18,339 SF)
Zoning code
B2
APN
NORW M:5 B:47 L:12
UPID
US15-0045291
Jurisdiction
NORWALK
Zoning & alternative use
B2 · Norwalk, CT
Zoning B2 · permitted uses
B2 · Norwalk, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Norwalk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
STEEL FRAME
Heating
BASEBOARD
Cooling
Yes
Stories
3
Buildings
1
Units
40
Rooms
80
Bathrooms
40
Lot
0.42 ac
Current owner
From public records · entity-resolved
Main 289 Nct LLC
Entity
Mailing address
831 BEDFORD AVE #516, BROOKLYN, NY 11205-2801
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 26, 2022
—
Main 289 Nct LLC
289 Realty Associates LLC
Warranty Deed
$6,225,000 · Nubridge Commerical
Jan 3, 2012
—
289 Realty Assoc LLC
—
Deed Of Trust
related
$3,200,000 · Greystone Servicing Corp INC
Jun 1, 2006
—
289 Realty Assoc LLC
—
Deed Of Trust
related
$2,812,500 · Washington Mutual Bank
Sep 20, 2005
—
289 Rlty Assoc LLC
—
Deed Of Trust
related
$2,450,000 · Washington Mutual Bank
Sep 2, 2005
$3,250,000
289 Rlty Assoc LLC
Harduke Hldgs LLC
Warranty Deed
$1,250,000 · Washington Mutual Bank
Mar 19, 1997
$1,000,000
Northeast Holding
Kral,edward
Warranty Deed
$800,000 · Peoples Bank
Aug 22, 1996
$1,945,000
Harduke Holdings LLC
Rosencrans James Est
Grant Deed
related
—
Mar 10, 1992
—
James Rosecrans
—
Deed Of Trust
related
$500,000 · Zwi Kohorn
Dec 6, 1989
—
James Rosecrans
—
Deed Of Trust
related
$1,665,000 · Southern Fsla Of Ga
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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