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1589 Fairfield Avenue, Brid...

Northeast Private Client Group Facilitates $4.95M Multifamily Sale On Fairfield Ave And Stratford Ave In Bridgeport, CT
SOLDMultiFamily

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

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

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 deals

Broker

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