Abraham Gottesman Acquires City Trust Building In Bridgeport For $21.5M From Time Equities

The property involved in this transaction is a MultiFamily asset located at 955 Main Street in Bridgeport, CT. The building, known as the historic City Trust building, was sold for a price of $21,500,000. Time Equities had previously acquired this property for $13,500,000 in 2019.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $21,500,000
• Seller: Francis Greenburger - Time Equities
• Buyer: An entity tied to Abraham Gottesman
• Previous Acquisition Price: $13,500,000
• Previous Acquisition Year: 2019
• Address: 955 Main Street
• Market: Bridgeport, CT

This transaction involves Francis Greenburger representing Time Equities in the sale to a buyer associated with Abraham Gottesman, indicating a transition of ownership for the notable structure in downtown Bridgeport.