Connecticut Realty Trust Acquires Multifamily Asset In Bridgeport, CT For $3.85M

An multifamily property located at 335 Wells Street & 147 Charles Street in Bridgeport, CT has been sold for a price of $3,850,000. The property consists of 36 units, resulting in a price per unit of $106,944. The sale took place on 10/05/2020 and the property boasted a cap rate of 6.72%.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $3,850,000
• Units: 36
• Price per Unit: $106,944
• CAP Rate: 6.72%

The seller of the property was All Star Property Management, while the buyer was Connecticut Realty Trust. The deal was facilitated by Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno from Northeast Private Client Group.