Updated Oct 28, 2024
Amsterdam Partners LLC Acquires Multifamily Property In Bridgeport, CT For $3.1M
48 Amsterdam Avenue, Bridgeport, Connecticut 06606, United States
$3,100,000
$187/SF
Building Size
16,500 SF
Asset Type
MultiFamily
Closing
Mar 1, 2022
About this deal
AI
Amsterdam Partners LLC has acquired a multifamily property located at 48 Amsterdam Ave in Bridgeport, CT. The property spans 16,500 square feet and was sold by Norell Apartments LLC for a total price of $3,100,000, resulting in a price per square foot of $188.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $3,100,000
- Address: 48 Amsterdam Ave
- Market: Bridgeport, CT
The deal was facilitated by the Northeast Private Client Group, with Brad Balletto, Rich Edwards, Jeff Wright, and Bob Paterno representing the parties involved.
On the Map
$3,100,000
$187/SF
MultiFamily
View full map
Players
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Robert "Bob" Paterno to view all their deals.
Browse Connecticut multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93