Updated Dec 4, 2024
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
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
3.26%
Cash-on-Cash
-0.93%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93