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411 East Main Street

Updated Dec 4, 2024

Yoso Properties Acquires Multifamily Portfolio In Bridgeport For $4.86M
SOLDMultiFamily

Yoso Properties Acquires Multifamily Portfolio In Bridgeport For $4.86M

411 East Main Street, 425 East Main Street, 420 East Main Street, 428 East Main Street, 453 East Main Street, 457 East Main Street & 503 East Main Street

$4,860,000

$15/SF

Building Size

45,328 SF

Asset Type

MultiFamily

Closing

Mar 11, 2024

About this deal

AI

The multifamily property located at 411-425 East Main Street, 420-428 East Main Street, 453-457 East Main Street & 503 East Main Street in Bridgeport, CT, was recently sold for $4,860,000. This property comprises 41 units with a total square footage of 45,328. The price per unit was $118,537, and the price per square foot was $107.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,860,000
  • Units: 41
  • Address: 411-425 East Main Street, 420-428 East Main Street, 453-457 East Main Street & 503 East Main Street, Bridgeport
  • Market: Bridgeport, CT
  • Seller: Amit Lokhotia
  • Buyer: Yoso Properties
  • Brokers: Alban Dedvukaj, Nick Selca & Ilir Dedvukaj - LSR-Lakeshore Realty
  • PPU: $118,537
  • SF: 45,328
  • PPSF: $107

Lakeshore Realty, represented by Alban Dedvukaj, Nick Selca & Ilir Dedvukaj, acted as the seller's agent and facilitated the transaction, connecting the seller, Amit Lokhotia, with the buyer, Yoso Properties. For further real estate opportunities, you can contact Lakeshore Realty at [email protected], [email protected], and [email protected].

Players

Alban Dedvukaj

LSR-Lakeshore Realty

Broker

$42M

vol

12 deals

Broker

Bridgeport MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Deal FAQ

About $15 per square foot on a published $4.9M for 317,296 square feet (2024).

Visit Nick Selca to view all their deals.

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.26%

Cash-on-Cash

-0.93%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93

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