Four-building Bridgeport multifamily portfolio sells for $3.6M

Bridgeport
697-709 Hallett St. in Bridgeport.

A multifamily property portfolio in Bridgeport consisting of four buildings totaling 52 units was sold by LP Management for $3.6 million to a private investment group based in New Haven.

The properties in the portfolio are 697-709 Hallett St. (12 units), 708-710 Hallett Str. (10 units), 727-737 Hallett St. (13 units) and 776-784 Hallett St. (17 units). All four buildings are brick walk-ups built between 1900 and 1930.

“This sale is continued evidence that there is a strong investor demand for Bridgeport due to its relative value in proximity to New York City,” said Matt Cawley, senior director at United Multi Family, the brokerage that represented the seller and procured the buyer.