Bridgeport, CT United Multi Family (UMF) brokered the sale of a 179-unit apartment building known as the Cambridge Apartments located at 2209-2225 Main St. for $8.525 million ($47,626 per unit).
Handled by Rich, Matt and Kurt Cawley of UMF, the brick residences were built in 1932 and comprised of 168 studios and 11 one-bedroom units plus an onsite super’s unit and management office totaling 83,205 rentable s/f in a 3-story brick building. Situated on a 2.13-acre site, there is off street parking available for tenants and an updated onsite laundry facility. Recent capital improvements include the roof, boiler updates, and interior renovations to units.
Norwalk, CT Highcap Group has completed the sale of two luxury multifamily properties with a total of 120 units for a combined purchase price of $41.4 million.