Updated Dec 4, 2024
Lakeshore Realty Acquires Multifamily Property On Palisade Avenue In Bridgeport For $2.22M
185 Palisade Avenue
$2,220,000
$141/SF
Building Size
15,676 SF
Asset Type
MultiFamily
Closing
Nov 9, 2023
About this deal
AI
The multifamily property located at 185 Palisade Avenue in Bridgeport, CT has been recently sold for a total price of $2,220,000. This transaction took place on 11/09/2023. The property consists of 20 units, with a price per unit of $111,000. The total square footage of the property is 15,676, resulting in a price per square foot of $142.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,220,000
- Units: 20
- Price per Unit: $111,000
- Square Footage: 15,676
- Price per Square Foot: $142
Nick Selca from Lakeshore Realty represented the seller in this deal. For more off-market investment opportunities in the Connecticut market, interested parties can reach out to Nick Selca at 203.449.9347.
On the Map
$2,220,000
$141/SF
MultiFamily
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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
7.15%
Cash-on-Cash
-2.04%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93