DLC Management Corp Acquires Brookside Center In Bridgeport For $46.5M
4531 Main St Bridgeport, Ct 06606, Usa
$46,500,000
Building Size
—
Asset Type
Retail
Closing
Jul 12, 2023
AI
DLC Management Corp, represented by Adam Ifshin, has acquired Brookside Center in Bridgeport, CT, for a total of $46.5 million. The retail property is located at 4531 N Main Street and offers a prime location in the Bridgeport market.
Summary of transaction details:
- Property Type: Retail
- Transaction Amount: $46,500,000
- Address: 4531 N Main Street
- Market: Bridgeport, CT
This acquisition marks a significant addition to DLC Management Corp's portfolio, expanding their presence in the Bridgeport market. Adam Ifshin, representing DLC Management Corp, played a key role as the buyer in this transaction.
Players
Bridgeport Retail Market Snapshot
Boundary boundary · Retail · Sale transactions
Loading comparables…
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.34%
Cash-on-Cash
-0.10%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93