Updated Dec 18, 2023
Northeast Private Client Group Facilitates $4.95M Multifamily Sale On Fairfield Ave And Stratford Ave In Bridgeport, CT
1589 Fairfield Avenue, Bridgeport, Connecticut 06605, United States
$4,950,000
Building Size
—
Asset Type
MultiFamily
Closing
Sep 15, 2022
About this deal
AI
The multifamily property located at 1589 Fairfield Ave and 1873 Stratford Ave in Bridgeport, CT has been sold for a total price of $4,950,000. The sale was facilitated by Brad Balletto, Richard Edwards, and Robert Paterno of Northeast Private Client Group.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $4,950,000
- Address: 1589 Fairfield Ave, Bridgeport, CT
- Market: Bridgeport, CT
The deal was successfully closed thanks to the expertise of Brad Balletto, Richard Edwards, and Robert Paterno from Northeast Private Client Group. They acted as representatives for the buyer and/or seller in this transaction.
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
3.20%
Cash-on-Cash
-0.92%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93