A limited liability company owned by two developers from lower Fairfield County has purchased a set of three two-family homes in New Canaan for $4.2 million, and plans to convert them from rental units into condominiums.
Numbers 134, 138 and 142 Harrison Ave. are multifamily homes near the corner of Main St. They sold for $4.2 million together in August 2017. Credit: Michael Dinan
Numbers 134, 138 and 142 Harrison Ave.—built in 1998 by Archie Stewart—sit on a total of .88 acres on the corner of Main Street.
On Aug. 18, they were purchased by Harrison Avenue Development LLC, according to a property transfer recorded in the Town Clerk’s office.
According to records on file with the Connecticut Secretary of the State, the purchasing company is controlled by Donald Corbo and Sandra and Jerry Effren.
Corbo, of Darien, is owner of New England Properties Real Estate LLC and the Effrens, of Stamford, own Norwalk-based Greyrock Homes.
Corbo said he acquired properties from Stewart in the recent past—on Maple and East Maple Streets, for example—and sold them after doing interior renovations such as to bathrooms and kitchens.
“They were rentals, and everybody there has left the property,” Corbo said. “We were not sure whether originally we would redo them and re-rent them, so on the hopes that there is a market when we are done renovating, we will see, but it looks at the moment that our intention is to condo and sell them.”
The Effrens are partners in the ownership company and Corbo is its manager, he said.
Barbara and Archie Stewart had acquired each parcel separately between 1993 and 1997, tax records show, for a total of $625,000.