facebook
Traded Co logo
Submit
Daily limit: 0/10

Northeast Private Client Group Facilitates $3.6M Sale Of Multifamily Properties In Norwalk & Bridgeport, CT

Property Image
SOLD
$3,600,000
Robert "Bob" Paterno
Richard (Rich) Edwards
+ 3

Connecticut

See Similar Deals
MultiFamily
Sold 10/30/2023
the dealplayerscompscontact
Property Image
SOLD

Northeast Private Client Group Facilitates $3.6M Sale Of Multifamily Properties In Norwalk & Bridgeport, CT

33 Woodbury Avenue & 1421 Fairfield Ave

See Similar Deals
MultiFamily
Sold 10/30/2023
Robert "Bob" Paterno
Richard (Rich) Edwards
+ 3
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

Northeast Private Client Group (NEPCG) facilitated the $3.6 million sale of two multifamily properties in southern coastal Connecticut. The properties, located at 33 Woodbury Avenue in Norwalk and 1421 Fairfield Avenue in Bridgeport, are part of the multifamily asset class. The sale price for both properties is $3,600,000.

Summary of transaction details

  • Property Type: Multifamily
  • Transaction Amount: $3,600,000
  • Address: 33 Woodbury Avenue, Norwalk and 1421 Fairfield Avenue, Bridgeport
  • Market: Norwalk and Bridgeport, CT

The sale was facilitated by Bradley Balletto, Chris Bierezowiec, Jeff Wright, Patrick Hegarty, Richard Edwards, and Robert Paterno of NorthEast Private Client Group. They served as the brokers responsible for representing the parties involved in the transaction. The sale marks another successful deal for NEPCG, showcasing their expertise in the southern coastal Connecticut market.

Players

Robert "Bob" Paterno
24 deals$125.1M volume
BROKER

Jeff Wright
NorthEast Private Client Group
30 deals$138.9M volume
BROKER

Richard (Rich) Edwards
NorthEast Private Client Group
30 deals$150.9M volume
BROKER

Bradley (Brad) Balletto
NorthEast Private Client Group
14 deals$150.9M volume(203) 307-1574
BROKER

Patrick Hegarty
NorthEast Private Client Group
1 deal$3.6M volume(203) 307-1583
BROKER

Chris Bierezowiec
NorthEast Private Client Group
2 deals$13.7M volume(203) 307-1580
BROKER

Details

SOLD
IMAGE: Patrick Hegarty, Richard Edwards, Jeff Wright, Bradley Balletto, Chris Bierezowiec & Robert Paterno DATE: 10/30/2023 ADDRESS: 33 Woodbury Avenue & 1421 Fairfield Avenue MARKET: Norwalk & Bridgeport, CT ASSET TYPE: Multifamily BROKERS: Bradley Balletto, Chris Bierezowiec, Jeff Wright, Patrick Hegarty, Richard Edwards & Robert Paterno - NorthEast Private Client Group SALE PRICE: $3,600,000 NOTE: Northeast Private Client Group (NEPCG) facilitated the $3.6 million sale of two multifamily properties in southern coastal Connecticut.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$192,000.00

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$12,790.04
Cash-on-Cash Return-1.27%
Monthly Debt Service$17,065.84
Annual Debt Service$204,790.04