Richard Olivers Acquires Multifamily Property In Bridgeport, CT For $5.35M
145 Cowles Street, Bridgeport, Connecticut 06607, United States
$5,350,000
$226/SF
Building Size
23,600 SF
Asset Type
MultiFamily
Closing
Sep 22, 2022
AI
A multifamily property located at 145 Cowles St & 85-87 Union Ave in Bridgeport, CT, has been sold for $5,350,000. The property consists of 47 units with an average price per unit of $113,829. It spans across 23,600 square feet, resulting in a price per square foot of $227.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Address: 145 Cowles St & 85-87 Union Ave, Bridgeport, CT
- Market: Bridgeport, CT
The buyer of the property is Richard Olivers, while the seller is the DaSilva Family. The transaction was facilitated by Kevin Scrima, Michael Scrima, and Thomas Gorman, Jr. of Redwood Realty Advisors.
Players
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.97%
Cash-on-Cash
-0.85%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93