Weekly Real Estate News
National Multifamily Corp. announced the sale of a 16-unit multifamily portfolio in Bridgeport, Connecticut, for $1.55 million ($96,875 per unit).
The portfolio consisted of 33-35 Granfield Avenue (5 units), 43-45 Granfield Avenue (4 units), 330 Palisade Avenue (2 units), 37-39 Granfield Avenue (2 units), 332 Palisade Avenue (single family), 25 Granfield Avenue (single family), and 57 Granfield Avenue (single family). Company president Matt Cawley represented the seller and procured the buyer, a New York-based investor, in the off-market transaction.
“We are pleased to have represented the sellers who had picked up the portfolio in pieces over the past 28 years,” said Cawley. “The properties were contiguous with a 116-unit complex we had just sold for the owner in December 2024. We were able to execute an off-market strategy we had planned with the owner prior to hitting the market for the buildings. We expect the Buyer to do very well with the portfolio as they look at the individual pieces that comprised of the whole deal.”
