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.
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
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