March 31, 2022 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a 6-unit Multi-Family building in Bridgeport, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $1,737,500.
165-171 Lee Avenue is a six (6) unit multi-family property in Bridgeport, Connecticut. The Property contains six (6) 2-Bedroom/1-Bathroom apartments in 7,440 square feet of living area in 9,920 total gross square feet on a 0.12-acre parcel of land with off-street parking. Each unit at 165-171 Lee Avenue features in unit laundry (2 units only have washing machines) and four of the six units have central air conditioning. Three of the units have new furnaces, and three of the units are serviced by new high efficiency hot water heaters. The building has a new roof and a new underground waste-water line. The property is separately metered for electricity, and gas-fired heat and hot water, which the tenants pay directly. The landlord is responsible for common area electric and domestic water and sewer. The Property is well located in the West End neighborhood of Bridgeport and enjoys close proximity to Interstate 95, CT Route 8 and US Route 1, as well as the Bridgeport Metro North Train Station, the Bridgeport Ferry, Steelpointe Harbor, and the University of Bridgeport and Housatonic Community College.
Horvath and Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in New England. Their advisors specialize in the sale of apartment buildings, mixed-use properties, and development projects. They have experience successfully structuring portfolio sales and 1031 exchanges. They have a dedicated buy side desk that provides real time inventory and market data to each individual client placing capital or fulfilling a 1031 exchange requirement. The firm is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.