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3142 Fairfield Avenue
SOLD

Marc Brahaney Purchases Bridgeport Mixed-Use Property For $1.825M

3142 Fairfield Avenue

Mixed-use
8,500 SF
clock iconSold 80 days ago
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Summary

Sale
CONNECTICUT
Mixed-use
8,500 sqft

The mixed-use property located at 3142 Fairfield Avenue in Bridgeport, CT, was recently sold for $1,825,000, with a total square footage of 8,500. The sale resulted in a price per square foot of $215, making it a notable transaction in Bridgeport's real estate history.

Summary of transaction details:

  • Property Type: Mixed-use
  • Transaction Amount: $1,825,000
  • Buyer: Marc Brahaney
  • Seller: Matthew Rinklin & Benjamin Spiegel - Redwood Capital Advisors
  • Broker: Matt Cawley - National Multifamily
  • SF: 8,500
  • PPSF: $215

The sale was facilitated by Matt Cawley of National Multifamily, representing the buyer, Marc Brahaney, in this transaction. The sellers, Matthew Rinklin and Benjamin Spiegel, from Redwood Capital Advisors, noted that this sale achieved the highest price per unit transaction in Bridgeport, CT's real estate history, surpassing the previous record. Additionally, the property experienced a significant capital appreciation of 36% within a one-year hold period, demonstrating the property's value growth.

Players

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  • Agents

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  • Agencies

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Matt Cawley's profile picture
Matt Cawley
National Multifamily -image
President
$8.8M Sold

Details

Deal Summary
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SOLD
IMAGE: Benjamin Spiegel, Matthew Rinklin & Matt Cawley DATE: 10/31/2023 ADDRESS: 3142 Fairfield Avenue MARKET: Bridgeport, CT ASSET TYPE: Mixed-use BUYER: Marc Brahaney SELLER: Matthew Rinklin & Benjamin Spiegel (@BenjaminSpiegel) - Redwood Capital Advisors (@RedwoodCapitaladv) BROKER: Matt Cawley - National Multifamily (@NationalMultifamily) SALE PRICE: $1,825,000 SF: 8,500 ~ PPSF: $215 NOTE FROM SELLER: Highest PPU Transaction in Bridgeport, CT Real Estate History- $228K vs. Previous Record of $203K | One Year Hold Period - 36% Capital Appreciation News Release: https://westfaironline.com/real-estate/bridgeport-mixed-use-property-breaks-record-for-price-per-unit-sale/ Case Study: https://my.decklinks.com/redwood-capital-advisors%2C-llc/shared/lQ8GNh79q3mB 506 (c) Off Market Deals: https://redwoodcapitaladvisors.portal.agorareal.com/#/public/offerings $20M Under Contract – Consider Investing in CT – No Rent Laws Website: https://www.redwoodcapitaladvisors.com/ 15-min Call: https://calendly.com/rcallc/15min?month=2024-03

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Address3142 Fairfield Avenue

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