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Property profile & analytics
OFF-MARKET
Estimated value
$9,580,000
Apartment buildings
61 Wall St Norwalk, CT 06850-3411
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US15-0161037
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (100+ UNITS)
Year built
2016
Construction
STEEL FRAME
Total area
105,860 SF
Lot
1.31 ac (57,064 SF)
Zoning code
CBDA
APN
NORW M:1 B:29 L:13
UPID
US15-0161037
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.73M
Blend (final)
Blend
$9.58M
Owner & transaction history
Municipal Holdings LLC · 4 yrs held
Municipal Holdings LLC
since 2022
6 recorded transactions
Zoning & alternative use
CBDA · 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
$9.58M
Range $8.62M – $10.54M · ±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 2024Property tax & assessments
Tax year 2024
Tax billed
$189,370
Tax year 2024
Assessed value
$8,042,910
Assessed 2024
Previous assessed
$8,042,910
+0.0% YoY
Effective rate
2.35%
On assessed value
Assessed land
$4,291,100
Assessed improvement
$3,751,810
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 (100+ UNITS)
Status
Off-Market
Year built
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
6
Units
105
Bathrooms
123
Total area
105,860 SF
Lot
1.31 ac (57,064 SF)
Zoning code
CBDA
APN
NORW M:1 B:29 L:13
UPID
US15-0161037
Jurisdiction
NORWALK
Zoning & alternative use
CBDA · Norwalk, CT
Zoning CBDA · permitted uses
CBDA · 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
2016
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
6
Buildings
1
Units
105
Bathrooms
123
Lot
1.31 ac
Current owner
From public records · entity-resolved
Municipal Holdings LLC
Entity
Mailing address
390 GREENWICH ST, NEW YORK, NY 10013-2362
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 15, 2024
—
Wall St Recap Assoc LLC
—
Deed
related
$13,600,000 · Connecticut State Of
Apr 14, 2022
—
Municipal Holdings LLC
Ij Group LLC
Quit Claim Deed
related
—
Jul 13, 2017
—
Municipal Holdings LLC
Iwsr Owners LLC
Warranty Deed
—
Jul 21, 2006
$2,375,000
61-65 Iwsr LLC
Wall Street Norwalk LLC
Warranty Deed
$1,450,000 · Citicorp USA Corp
—
—
Iwsr Owners LLC
—
Deed Of Trust
related
$5,000,000 · Economic Dev
—
—
Iwsr Owners LLC
—
Deed Of Trust
related
$3,500,000 · Ct Deparment Of Housi
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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