Portfolio of three multifamily Bridgeport properties sells for $3M

 

As seen on Westfair Online

 

A three-building, 34-unit portfolio of multifamily properties in Bridgeport has sold for $3 million, or $88,235 per unit.

The buildings, which are all three-story walk-ups built between 1900 and 1920, include 240 William St. (19 units), 202 Noble Ave. (9 units) and 35 Butler Ave. (6 units). United Multi Family Corp. represented the seller, LP Management, and Northeast Private Client Group represented the buyer, an unnamed New York City based investment group.

“Our client, LP Management, did a great job of improving and managing the properties since they acquired the buildings at separate times over the past six years,” said Matt Cawley, senior director of United Multi Family. “Additionally, it was a pleasure to get to work with Bradley Balletto of Northeast Private Client Group for the first time who represented the buyer in the transaction.”

 

About Northeast Private Client Group

Northeast Private Client Group is the fastest growing mid-market investment sales firm in the Northeast, providing unmatched results by combining specialized market intelligence with a relationship-based marketing strategy that caters to each client’s needs. The firm’s collaborative and research-driven solutions are tailored to meet the individual needs of investors across the Northeast who are looking to buy, sell or exchange mid-market properties including mixed-use, multifamily, retail and office assets. Northeast Private Client Group’s highly disciplined process is just one of the many reasons the firm has earned CoStar’s Power Broker designation year after year, and been ranked on the Inc5000 list of America’s fastest-growing private companies. To learn more, visit: www.northeastpcg.com.