Updated Oct 27, 2026
Northeast Private Client Group Facilitates $8.39 Million Sale Of Seabreeze Apartments In Bridgeport
223 Iranistan Avenue
$8,387,500
$205/SF
Building Size
40,742 SF
Asset Type
MultiFamily
Closing
Oct 24, 2026
About this deal
AI
The property involved in this transaction is a multifamily asset known as Seabreeze Apartments, located at 223 Iranistan Avenue in Bridgeport, Connecticut. The asset encompasses 60 units within a total square footage of 40,742. The transaction was completed at a sale price of $8,387,500, equating to a price per square foot of $206 and a price per unit of approximately $139,792.
Summary of transaction details:
- Property Type: MultiFamily
- Transaction Amount: $8,387,500
- Square Footage: 40,742
- Units: 60
- Price per Square Foot: $206
- Price per Unit: $139,792
The sale was facilitated by brokers Bradley Balletto, Richard Edwards, and Derek Mahabir of NorthEast Private Client Group, representing the seller in this transaction, showcasing their involvement in the completion of the deal.
On the Map
$8,387,500
$205/SF
MultiFamily
View full map
Players
Bridgeport MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
Loading comparables…
Deal FAQ
Visit Richard (Rich) Edwards to view all their deals.
Browse Bridgeport multifamily sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.89%
Cash-on-Cash
-0.54%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93