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340 Palisade Avenue

Matt Cawley Of National Multifamily Sells Bridgeport Multifamily For $14.1M
SOLDMultiFamily

Matt Cawley Of National Multifamily Sells Bridgeport Multifamily For $14.1M

340 Palisade Avenue

$14,100,000

$189/SF

Building Size

74,312 SF

Asset Type

MultiFamily

Closing

Dec 12, 2024

AI

The property asset involved in the transaction is located at 340 Palisade Avenue in Bridgeport, CT. This multifamily property consists of 116 units and spans a total square footage of 74,312. The sale was completed for a price of $14,100,000, which equates to a price per unit of $121,551 and a price per square foot of $189.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $14,100,000
  • Units: 116
  • Square Footage: 74,312
  • Price Per Unit: $121,551
  • Price Per Square Foot: $189
  • Date of Sale: 12/12/2024
  • Broker: Matt Cawley - National Multifamily

Matt Cawley from National Multifamilyrepresented the transaction, acting on behalf of the parties involved in the sale of the multifamily property. His expertise facilitated the successful closing of this significant deal in the multifamily market of Bridgeport, CT.

Players

Matt Cawley

National Multifamily

Broker

$50.7M

vol

13 deals

Broker

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

1.13%

Cash-on-Cash

-0.32%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93