May 11, 2023 – 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 $565,000.
422-424 Lafayette Street is a four (4) unit multi-family property in Bridgeport, Connecticut. The Property contains three (3) 2-Bedroom/1-Bathroom apartments and one (1) 4-Bedroom/1-Bathroom apartment with 5,485 square feet of living area in 7,560 square feet of total gross area on a 0.1-acre parcel of land with off-street parking. The Property is easily walkable to public transportation with Greater Bridgeport Transit “GBT” bus service located on Broad Street and Park Avenue, and the Bridgeport Train Station on the Metro-North Line from New York City is also located 0.7-miles from the Property. The Property also offers convenient access to US Route 1, Interstate-95, and CT Route 8/25 providing convenient access throughout Fairfield County and all of southern Connecticut. 422-424 Lafayette Street is located 0.5-miles from the University of Bridgeport and Housatonic Community College. The location is walkable to numerous shopping, dining, and entertainment amenities along Fairfield Avenue, State Street (CT Route 130) and Park Avenue. The Property is 0.4-miles from the Total Mortgage Arena and the Hartford Healthcare Amphitheater, which host concerts, sporting events, and other activities all year-round. The Property is 0.6-miles from Seaside Park and Seaside Beach on the shores of the Long Island Sound and is just 1.2-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.