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48 Amsterdam Avenue, Bridge...

Amsterdam Partners LLC Acquires Multifamily Property In Bridgeport, CT For $3.1M
SOLDMultiFamily

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

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.

Players

Robert Paterno

NorthEast Private Client Group

Broker

$125.1M

vol

24 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

5.12%

Cash-on-Cash

-1.46%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93