Updated Oct 28, 2024
Charleston Apts LLC Acquires 50-Unit Multifamily Property In Bridgeport, CT For $9.2M
225 Golden Hill St, Bridgeport, Connecticut 06604, United States
$9,200,000
Units
50
Asset Type
MultiFamily
Closing
Jun 30, 2022
About this deal
AI
Charleston Apts LLC has acquired a multifamily property located at 225 Golden Hill St in Bridgeport, CT. The property consists of 50 units, with a per unit price of $184,000, resulting in a total sale price of $9,200,000. The transaction took place on 07/01/2022.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $9,200,000
- Address: 225 Golden Hill St
- Market: Bridgeport, CT
- Buyer: Charleston Apts LLC
- Seller: Golden Hill Living LLC
- Units: 50
- Price Per Unit (PPU): $184,000
Charleston Apts LLC, represented by their broker, successfully completed the acquisition from the seller, Golden Hill Living LLC. This transaction marks an important milestone in the multifamily market in Bridgeport, CT.
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
1.72%
Cash-on-Cash
-0.49%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93