Abe Gottesman Acquires 28-Unit Mixed-Use Property On Noble Avenue In Bridgeport, CT For $1.7M
858 Noble Ave, Bridgeport, CT 06608, Estados Unidos
$1,700,000
$6/SF
Building Size
270,000 SF
Asset Type
Mixed-use
Closing
Oct 20, 2020
AI
The mixed-use property located at 858 Noble Avenue in Bridgeport, CT has been sold for a total of $1,700,000. The property consists of 26 apartments and 2 commercial units, offering a total of 28 units. With a total square footage of 27,000, the price per square foot comes out to be $62. The buyer of the property is Abe Gottesman, while the seller is Darin Palumbo.
Summary of transaction details
- Property Type: Mixed-use
- Transaction Amount: $1,700,000
- Square Footage: 27,000
- Units: 28
- Price per Square Foot: $62
- Buyer: Abe Gottesman
- Seller: Darin Palumbo
The transaction was facilitated by the brokers Anthony Watkins and Ian Rawlinson, representing the Oakavery Group.
Players
Bridgeport Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
9.33%
Cash-on-Cash
-2.67%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93