Norfolk townhome community sells for $77M

Crown Point Townhomes has 480 units

Robyn Sidersky //November 12, 2021//

Crown Point Townhomes has 480 units

Robyn Sidersky// November 12, 2021//

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Crown Point Townhomes, a 480-unit apartment community in Norfolk, has sold for $77 million, Berkadia announced Monday.

Bush Cos. sold the property, at 5371 Wyngate Drive, to a New Jersey-based buyer.

The garden-style, multifamily property has two-, three- and four-bedroom floor plans and is located near Military Circle Mall.

David Hudgins of Berkadia Newport News completed the sale on behalf of the buyer. The deal closed on Oct. 29.

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