Northeast Private Client Group Sells Multifamily Portfolio in Bridgeport, CT for $3.25 Million
– Leading mid-market investment sales firm represents seller and sources buyer for multifamily portfolio in Bridgeport, CT–
Shelton, CT (December 1, 2019) – Investment sales broker Northeast Private Client Group has announced the sale of Golden Hill & Broad Multifamily Portfolio located at 285 Golden Hill Street & 1208 Broad Street in Bridgeport, CT. Brad Balletto, VP of investments for the firm, along with investment associates, Rich Edwards and Jeff Wright, represented the seller and procured the buyer in the $3,250,000 transaction.
Golden Hill & Broad Multifamily Portfolio, located in an attractive downtown Bridgeport location, consists of two buildings with 24 total units. Each property is comprised of 12 junior one-bedroom luxury apartments with contemporary finishes. A Bridgeport-based seller sold the property to a Ansonia-based investor for a price that equates to $135,417 per unit and a cap rate of 6.22 percent.
About Northeast Private Client Group
Northeast Private Client Group is the leading mid-market investment sales firm in the region and was recently named to the Inc5000 list of America’s fastest-growing private companies. With offices in New York, Connecticut and Massachusetts, the firm actively supports private investors 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. To learn more, visit: www.northeastpcg.com.