Northeast Private Client Group (NEPCG) has announced the portfolio sale of Wayne Studios & Beers Apartments, a pair of multifamily investment properties in Bridgeport, for $4 million.
The 18-unit, 9,636-square-foot Beers Apartments at 35 Beers St. and the 20-unit, 9,360-square-foot Wayne Studios at 155 Wayne St. were sold in a single transaction to a single buyer. NEPCG’s Managing Director Brad Balletto, Senior Associate Rich Edwards, Vice President of Brokerage Bob Paterno and Senior Associate Jeff Wright represented the seller, 155 Wayne Street LLC and Beers Apts LLC out of Bridgeport, and procured the buyer in the transaction, SMTI Management out of Airmont, New York.
“This transaction is the first of hopefully many as part of a larger portfolio disposition and repositioning for a long-time client. I am extremely grateful to the Seller for their trust in me in advising them throughout this tremendously important project,” said Balletto.
