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Investment Highlights
- Turn-Key Stabilized Asset with modern finishes and luxury amenities constructed in 2013-2014
- Superior Downtown Location: Walk Score of 91 – “Walker’s Paradise”
- All Tenant-Paid Utilities: Individual PTAC systems and electric hot water heaters
- Significant Value-Add Opportunity: Current rents averaging $1,402/month are ~$350/month below market
- Transit-Oriented: 0.4 miles to Bridgeport Metro-North station with direct service to Grand Central
- Strong Pro Forma Performance: 8.11% Pro Forma Cap Rate with rental upside to $1,750/mont
Executive Summary
Northeast Private Client Group is pleased to exclusively present the opportunity to acquire Golden Hill & Broad Apartments, a turn key, stabilized multifamily investment located in the heart of downtown Bridgeport, Connecticut. The offering consists of two identical 12-unit apartment buildings totaling 24 residential units across 18,480 square feet of gross living area. Situated in Fairfield County—Connecticut’s most populous and one of the nation’s wealthiest counties, commonly referred to as the “Gold Coast”—the property benefits from strong regional demographics and continued investment throughout the Bridgeport submarket.
Constructed between 2013 and 2014, Golden Hill & Broad Apartments comprise two three-story walk-up buildings built with modern design. Each unit features contemporary finishes and attractive in-unit amenities, including hardwood cabinetry, upgraded appliance packages, granite countertops, in-unit washer and dryers, private balconies, and individually metered utilities. Apartments are equipped with their own electric hot water heaters and PTAC heating and cooling systems, allowing for a fully tenant-paid utility structure. Off-street parking is provided via a dedicated garage located directly across the street for tenant convenience.
The property is ideally positioned in one of downtown Bridgeport’s most desirable and accessible locations—within immediate walking distance to the area’s best retail, dining, and entertainment options, as well as the Bridgeport Metro-North station, providing direct service to New York City. The asset also benefits from proximity to major employment centers, healthcare institutions, and ongoing public and private development initiatives that continue to transform the downtown corridor.
Golden Hill & Broad Apartments represent a rare opportunity to acquire a well constructed, fully stabilized asset in one of Connecticut’s fastest-evolving urban markets. A new owner stands to benefit from continued organic rent growth driven by Bridgeport’s ongoing revitalization, population inflows, and expanding demand for quality downtown housing.
A new owner stands to benefit from continued organic rent growth driven by Bridgeport’s ongoing revitalization, population inflows, and expanding demand for quality downtown housing. Additionally, the property presents a compelling value-add opportunity, as a new owner can implement a more aggressive lease-up and revenue-management strategy to push rents to market, and drive immediate revenue growth.
Constructed between 2013 and 2014, Golden Hill & Broad Apartments comprise two three-story walk-up buildings built with modern design. Each unit features contemporary finishes and attractive in-unit amenities, including hardwood cabinetry, upgraded appliance packages, granite countertops, in-unit washer and dryers, private balconies, and individually metered utilities. Apartments are equipped with their own electric hot water heaters and PTAC heating and cooling systems, allowing for a fully tenant-paid utility structure. Off-street parking is provided via a dedicated garage located directly across the street for tenant convenience.
The property is ideally positioned in one of downtown Bridgeport’s most desirable and accessible locations—within immediate walking distance to the area’s best retail, dining, and entertainment options, as well as the Bridgeport Metro-North station, providing direct service to New York City. The asset also benefits from proximity to major employment centers, healthcare institutions, and ongoing public and private development initiatives that continue to transform the downtown corridor.
Golden Hill & Broad Apartments represent a rare opportunity to acquire a well constructed, fully stabilized asset in one of Connecticut’s fastest-evolving urban markets. A new owner stands to benefit from continued organic rent growth driven by Bridgeport’s ongoing revitalization, population inflows, and expanding demand for quality downtown housing.
A new owner stands to benefit from continued organic rent growth driven by Bridgeport’s ongoing revitalization, population inflows, and expanding demand for quality downtown housing. Additionally, the property presents a compelling value-add opportunity, as a new owner can implement a more aggressive lease-up and revenue-management strategy to push rents to market, and drive immediate revenue growth.
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Property Facts
| Price | $5,258,381 CAD | Number of Properties | 2 |
| Price / SF | $189.70 CAD / SF | Individually For Sale | 0 |
| Sale Type | Investment | Total Building Size | 27,720 SF |
| Status | Active | Total Land Area | 0.33 AC |
| Price | $5,258,381 CAD |
| Price / SF | $189.70 CAD / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 27,720 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 285 Golden Hill St, Bridgeport, CT 06604 | Multifamily | 18,480 SF | 2014 | - |
| 1208 Broad St, Bridgeport, CT 06604 | Multifamily | 9,240 SF | 2013 | - |
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