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
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
5.12%
Cash-on-Cash
-1.46%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93