Northeast Private Client Group Facilitates $4.95M Multifamily Sale On Fairfield Ave And Stratford Ave In Bridgeport, CT
SOLD
$4,950,000
Connecticut
See Similar DealsMultiFamily
Sold 09/16/2022
SOLD
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
See Similar DealsMultiFamily
Sold 09/16/2022
Summary
CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale
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.
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$264,000.00
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$17,586.30
Cash-on-Cash Return-1.27%
Monthly Debt Service$23,465.53
Annual Debt Service$281,586.30
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