Updated Oct 28, 2024
MD2PG Acquires Office Building In Bridgeport, CT For $5.05M
925 Housatonic Avenue, Bridgeport, Connecticut 06606, United States
$5,050,000
$87/SF
Building Size
57,430 SF
Asset Type
Office
Closing
Aug 27, 2021
About this deal
AI
The office property located at 925 Housatonic Avenue in Bridgeport, CT has been sold. The transaction took place on 08/27/2021 and the sale price was $5,050,000. The property has a total square footage of 57,430, resulting in a price per square foot of $87.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,050,000
- Address: 925 Housatonic Avenue, Bridgeport, CT
- Market: Bridgeport, CT
The buyer of the property is MD2PG, while the seller is The D'Daddario Estate. The deal was facilitated by Michael Mintz & Yuval Plattner as the buyer's representatives.
Players
Bridgeport Office Market Snapshot
Boundary boundary · Office · Sale transactions
Loading comparables…
Deal FAQ
Browse Connecticut office sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
3.14%
Cash-on-Cash
-0.90%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93