Cawley of National Multifamily completes third investment sale in Bridgeport, CT - 29-units sold for $3.522 million

Bridgeport, CT Matt Cawley, president of National Multifamily, completed his third investment sale this year totaling 29-units for more than $3.522 million.

• The mixed-use property located at 3142 Fairfield Ave., is an 8-unit built 1917. Situated on a 0.18 acre site the building consists of two retail units and six apartments. The property sold for $1.345 million on September 30, 2022. Armando Marchione and Michael Beaudry of eXp Commercial represented the seller with Matt Cawley of National Multifamily representing the buyer.

 

 

• The apartment located at 35 Butler Ave. is comprised of six 3-bedroom units totaling 5,820 s/f in one 3-story building built in 1920. The property was fully marketed with multiple offers over the initial asking price. The property sold for $885,000 on April 5, 2022. Cawley represented the seller and procured the buyer.

• The mixed-use property located at 1294 Stratford Ave. is a 15-unit built in 1925. Situated on a 0.23 acre site the building consists of six retail units with nine 1-bedroom apartments on the second floor. The property sold for $1,292,650 on March 31, 2022 in an all-cash transaction facilitated through a Ten-X auction. Cawley represented the seller and procured the buyer.

Cawley said, “Despite the quick rise in interest rates we continue to see strong demand for both multifamily and mixed-use properties all over Connecticut. We are very happy for all sellers and buyers in these transactions.”