Bridgeport multifamily property sells for $4.35M

The multifamily property at 335 Wells & 147 Charles St. in Bridgeport has been sold for $4.35 million.

The 36-unit 28,614-square-foot property was built in 1920. Shelton-based Northeast Private Client Group (NEPGC) represented the seller, Allstar Property Management, and procured the buyer Beechcrest Management Inc. NEPGC Managing Director Brad Balletto, Vice President of Brokerage Robert Paterno, and Senior Associates Rich Edwards and Jeff Wright were involved in the transaction.

“This opportunity presented investors a well-maintained asset with low maintenance risk and stable upside potential along with attractive assumable debt,” said Paterno.