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$35M Paid for Land at West Ave and Planned "Putnam Ave" in Norwalk

The city of Norwalk will collect $175,000 in tax on the transaction.

Activity on Dec. 7 at intersection of Putnam Ave and West Ave. Credit: Leslie Yager
Activity on Dec. 7 at intersection of Putnam Ave and West Ave. Credit: Leslie Yager
Topping the recent property transactions recorded at Norwalk City Hall is the sale of property at 1 Putnam Ave. & 63 West Ave from "95/7 Enterprises LLC" to Norwalk Land Development, LLC on Nov. 26, 2013 for $35,000,000.

According to Town Clerk Rick McQuaid a total of $175,000 tax on the transaction will come back to the city. "The property falls within an enterprise zone, which is an economic development designation, so they only pay city tax," McQuaid said. "But there are guidelines for the project for how long they have to start construction."

Other transactions for the last week of November:

1 Echo Lane from Stephen Fauci and Dona Fauci to Robert J Prusak on Nov. 25, 2013 for $535,000

71 Gregory Blvd from Joshua T Tofteland to Ryan McMurrer and Jennifer McMurrer on Nov. 26, 2013 for $487,000

9 Park Street Unit 2C from William F Stephanak, Trustee of the William F. Stephanak Revocable Trust Agreement to Thomas J Ehlers on Nov. 26, 2013 for $40,000

9 Park Street, Unit 2C from Roberta Jones to Thomas Ehlers on Nov. 26, 2013 for $80,000

11 Katy Lane from Barcia Rosalie Trustee to Matthew B Miller and Jamie L Moritz on Nov. 26, 2013 for $415,000

83 Washington St #36 from Shu-Man Chan to Jonathan R Yeadon on Nov. 26, 2013 for $185,000

6 Oliver Street from Helen C Marshall to Earl D Williams, AICA, P.C. on Nov. 26, 2013 for $150,000

9 Cranbury Woods Rd from Estate of Angela R. Lagano to Hazel Canning on Nov. 26, 2013 for $375,000

117 Keeler Ave from Linda Gorman to Yevgemy Yefimov on Nov. 26, 2013 for $410,000

8 Milton Place from Richard G Lyons, Jr and Mary B Lyons to Jason and Torey Dylan on Nov. 27, 2013 for $1,170,000

65 Wolfpit Ave, Unit 4C from Justin D Eaton and Brittany Varga Eaton to Jean E Hoffman on Nov. 27, 2013 for $340,000

1A Victory Court from Jason Tarantino and Michelle Tarantino to Maurizio Ricci on Nov. 27, 2013 for $352,950

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