Updated Dec 21, 2023
Brad Balletto Brokers $2.6M Sale Of Bridgeport Multifamily On Barnum Ave
215 Barnum Avenue, Bridgeport, CT 06608, USA
$2,600,000
$170/SF
Building Size
15,244 SF
Asset Type
MultiFamily
Closing
Oct 8, 2021
About this deal
AI
A multifamily property located at 215 Barnum Avenue in Bridgeport, CT was recently sold for a total of $2,600,000. The property consists of 24 units, making the price per unit approximately $108,333. The sale took place on 10/08/2021 and the property was marketed by Brad Balletto from the Northeast Private Client Group. The property has a capitalization rate of 6.23%.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $2,600,000
- Date: 10/08/2021
- Address: 215 Barnum Avenue
- Market: Bridgeport, CT
Brad Balletto from the Northeast Private Client Group represented the parties involved in the 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
6.10%
Cash-on-Cash
-1.74%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93