The Osso Building

  • Title

    Mixed-Use Property

  • City

    Bridgeport, CT

  • Price

    $1,200,000

  • Cap Rate

    6.5%

  • Gross Leasable Area

    5,202 SF

  • No. Units

    8

  • Price/SF

    $230.68

  • No. Stories

    3

  • Year Built

    1917

  • Building Size

    .18 AC

Not found amenities.

Northeast Private Client Group is pleased to present the Osso Building, an 8 unit mixed-use building located in the Black Rock area of Bridgeport, CT.

The Osso Building gives an investor the unique opportunity to purchase a concrete building featuring retail and multifamily units. In the favorable Black Rock area of Bridgeport. The building is comprised of 2 retail units, 3 one bedrooms and 3 two-bedroom units.

The Osso Building present the potential for near-term revenue growth. With the average rents in the Black Rock area being around 20% higher than that of Osso’s, there is clear opportunity to push rents to meet market value. Additionally, Bridgeport continues to develop as a market with significant redevelopment downtown in the Main Street North Corridor, the creation of a new shopping and entertainment district at Steel Point Harbor with a New Bass Pro Shops and rumors of an MGM Casino, and plans to add a second Metro North train station on the city’s East Side.

 

Bridgeport, Fairfield County, CT

The Osso Building Offering Memo