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

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.