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Blue Garden Apartments Acquires Multifamily Portfolio in Bridgeport, Connecticut for $4.3M

BRIDGEPORT, CONN. — Blue Garden Apartments LLC has acquired the Bridgeport Multifamily Portfolio, a three-property, 62-unit portfolio in Bridgeport for $4.3 million. The sales price equates to a capitalization rate of 7.3 percent based on current net operating income. The properties are located at 2445 Main St., 24,38-42 Federal St., 2646 Fairfield Ave. and 858-872 Park Ave. Bradley Balletto, Rich Edwards and Jeff Wright of Northeast Private Client Group represented the seller, McDillon Holdings, in the transaction.

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