June 29, 2022 – Stavros Filippidis of Horvath & Tremblay has successfully completed the sale of a 4-unit Multi-Family property in Bridgeport, Connecticut. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $470,000.
305-307 Beach Street is a four (4) unit multi-family property in Bridgeport, Connecticut. The Property contains four (4) apartments with 4,800 square feet of living area in 7,149 total gross square feet on a 0.14-acre corner parcel with off-street parking and three (3) garage bays. The unit mix includes two (2) 3-bedroom/1-bathroom units and two (2) 4-Bedroom/2-Bathroom units. The Property is easily walkable to public transportation with Greater Bridgeport Transit “GBT” bus service located on East Main Street, Arctic Street and Noble Avenue (all less than 0.2-miles away). The Bridgeport Train Station on the Metro-North Line from New York City is also located 1.3-miles from the Property. The Property also offers convenient access to US Route 1 (0.5-miles away), Interstate-95 (0.6-miles away), and CT Route 8/25 (0.9-miles away) providing convenient access throughout Fairfield County and all of southern Connecticut. 305-307 Beach Street is located 1-mile from the Bridgeport Hospital, which recently merged with the Yale New Haven Health System. Bridgeport Hospital has 501 beds, plus 42 beds licensed to Yale New Haven Children’s Hospital. It has more than 2,600 employees, 1,100 active physicians and 230 medical/surgical residents and fellows. The property is also walkable to numerous shopping, dining, and entertainment amenities along East Main Street, Boston Avenue (US Route 1) and Barnum Avenue and is just 1.1-miles from Steelpointe Harbor.
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.