facebook
Traded Co logo
Submit
Daily limit: 0/10

Joe Katz Buys Doral Apartments In Bridgeport Multifamily Sale For $4.4M

Property Image
SOLD
$4,400,000

Connecticut

See Similar Deals
MultiFamily
Sold 06/20/2024
the dealplayerscompscontact
Property Image
SOLD

Joe Katz Buys Doral Apartments In Bridgeport Multifamily Sale For $4.4M

838 Wood Avenue

See Similar Deals
MultiFamily
Sold 06/20/2024
the dealplayerscompscontact
Contact now

Summary

CONNECTICUT
Asset Type:MultiFamily
Transaction Type:Sale

The 42-unit Doral Apartments at 838 Wood Ave. in Bridgeport, built in the 1960s, sold for $4.4 million. The property, offering a mix of studio and one-bedroom units, was brokered by Northeast Private Client Group and presents a value-add opportunity in a transforming part of Bridgeport.

Summary of transaction details:

The sale of the Doral Apartments at 838 Wood Ave. in Bridgeport was facilitated by Bradley Balletto from NorthEast Private Client Group. Joe Katz acted as the buyer in this transaction, while Marc Levy served as the seller.

Players

Bradley (Brad) Balletto
NorthEast Private Client Group
Bradley Balletto
14 deals$150.9M volume(203) 307-1574
BROKER

Details

SOLD
IMAGE: 06/20/2024 ADDRESS: 838 Wood Avenue MARKET: Bridgeport, CT ASSET TYPE: Multifamily ~ ACRES: 1.15 BUYER: Joe Katz SELLER: Marc Levy BROKER: Bradley Balletto - NorthEast Private Client Group SALE PRICE: $4,400,000 UNITS: 42 ~ PPU: $104,762 NOTE: The 42-unit Doral Apartments at 838 Wood Ave. in Bridgeport, built in the 1960s, sold for $4.4 million. The property, offering a mix of studio and one-bedroom units, was brokered by Northeast Private Client Group and presents a value-add opportunity in a transforming part of Bridgeport.

Stay in the Know

Subscribe for insider commercial real estate news, deal highlights, and market insights—delivered straight to your inbox.

By subscribing, you agree to our Terms of Service and Privacy Policy.

Similar Deals

Contact

Get in touch with the broker you want

Suggestions
CRE CalculatorAnalyze deals based on income, expenses, and financing. We automatically filled the calculator with data from the deal you are viewing, fill free to modify it to see how it affects the results.
Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$234,666.67

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$15,632.26
Cash-on-Cash Return-1.27%
Monthly Debt Service$20,858.24
Annual Debt Service$250,298.94