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832 Atlantic Street, Bridge...

Northeast Private Client Group Facilitates $1.9M Sale Of Multifamily Property In Bridgeport, CT
SOLDMultiFamily

Northeast Private Client Group Facilitates $1.9M Sale Of Multifamily Property In Bridgeport, CT

832 Atlantic Street, Bridgeport, CT, USA

$1,900,000

$160/SF

Building Size

11,872 SF

Asset Type

MultiFamily

Closing

Jul 9, 2020

AI

An apartment building located at 832 Atlantic Street in Bridgeport, CT has been sold for $1,900,000. The multifamily property spans 11,872 square feet, resulting in a price per square foot of $160. The building consists of 16 units, with each unit valued at approximately $118,750.

Summary of transaction details

  • Property Type: Multifamily
  • Sale Price: $1,900,000
  • Square Footage: 11,872
  • Price per Square Foot: $160
  • Number of Units: 16

The sale of this apartment building was facilitated by Bradley Balletto, Jeff Wright, Rich Edwards, Robert Paterno, and John Lockhart of the Northeast Private Client Group. They represented the parties involved in the transaction.

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

8.35%

Cash-on-Cash

-2.39%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93