Richard Olivers Acquires Bridgeport Multifamily For $5.35M
145 Cowles Street
$5,350,000
$226/SF
Building Size
23,600 SF
Asset Type
MultiFamily
Closing
Sep 23, 2022
AI
The multifamily property located at 145 Cowles St & 85-87 Union Ave in Bridgeport, CT has been sold. The transaction was completed on September 23, 2022.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $5,350,000
- Units: 47
- Price per Unit: $72,297
- Total Square Footage: 23,600
- Price per Square Foot: $227
- Market: Bridgeport, CT
The buyer of the property is Richard Olivers, while the seller is the DaSilva Family. The deal was facilitated by the brokerage team of Kevin Scrima, Michael Scrima, and Thomas Gorman, Jr. from Redwood Realty Advisors.
Players
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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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