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86 Whittier St - 32 Unit Black Rock/Bridgeport For Sale Lot • Terrain commercial • 1,24 Acres • 2 053 095 $ CAD • Bridgeport, CT 06605
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Faits saillants de l'investissement
- Asking Price $1,500,000 for 1.24 acres (Equivalent to $46,875 per convertible unit)
- Projected Cost per unit: $168,5000 (including land)
- Developer's Projected Return on Cost (stabilized): 8.75%
- Land value of approx. $1,209,700 per acre
- Projected total Development Cost $5,391,000 (including land)
- Attractive yield for a transit oriented, Class A redevelopment in a supply constrained submarket
Résumé de l'annonce
EAC Properties LLC is proud to exclusively present 86 Whittier Street for purchase. This offering presents a rare opportunity to acquire a former school building situated on 1.24 acres in the highly sought after Black Rock neighborhood of Bridgeport, CT. The property is slated for conversion into a 32-unit multifamily apartment community, with all necessary approvals to be delivered prior to closing. Its strategic location is within proximity to Metro North’s Black Rock/Fairfield Metro train station, providing excellent commuter access and supporting strong long-term rental demand.
Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long term growth potential. For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year.
Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long term growth potential. For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year.
Faits sur la propriété
| Prix | 2 053 095 $ CAD | Sous-type de propriété | Terrain commercial |
| Type de vente | Investissement | Utilisation proposée | Unités d’appartements |
| Nombre de lots | 1 | Taille totale du lot | 1,24 AC |
| Type de propriété | Terrain | ||
| Zonage | RC | ||
| Prix | 2 053 095 $ CAD |
| Type de vente | Investissement |
| Nombre de lots | 1 |
| Type de propriété | Terrain |
| Sous-type de propriété | Terrain commercial |
| Utilisation proposée | Unités d’appartements |
| Taille totale du lot | 1,24 AC |
| Zonage | RC |
1 Lot disponible
Lot
| Prix | 2 053 095 $ CAD | Taille du lot | 1,24 AC |
| Prix par AC | 1 655 721,71 $ CAD |
| Prix | 2 053 095 $ CAD |
| Prix par AC | 1 655 721,71 $ CAD |
| Taille du lot | 1,24 AC |
Description
86 Whittier Street is a historic 1912 former school building on a large 1.24-acre corner lot, now positioned as a major residential redevelopment opportunity in Black Rock.
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86 Whittier St - 32 Unit Black Rock/Bridgeport For Sale
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