203-727-3212
45 Monroe St, Bridgeport, CT for Sale
Apartments - FOR SALE
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45 Monroe St
Bridgeport, CT 06605
Black Rock


HIGHLIGHTS

  • 100% Market Rate
  • Turnkey Asset with Significant Recent Capital Improvements
  • Value- Add Opportunity
  • Burgeoning Submarket – Black Rock
  • Exceptional Submarket Fundamentals
  • Attractive to Cost Conscious Lifestyle Renters

OVERVIEW

Northeast Private Client Group is pleased to exclusively present Black Rock Homes, a 57-unit, 100% market-rate, turnkey apartment building located within the Black Rock neighborhood of Bridgeport, Connecticut. Located at 45 Monroe Street in Bridgeport, Connecticut, Black Rock Homes consists of 44,121 square feet of livable area on a 1-acre parcel and includes parking for fifty-seven (57) vehicles. This asset offers a mix of apartment layouts catering to various living needs, from studios to two-bedroom units. Each apartment boasts an inviting floor plan, high-end finishes, and modern amenities, ensuring a luxurious living experience for tenants. Black Rock Homes is nestled within Connecticut’s coveted Black Rock neighborhood. Known for its historic charm and vibrant community atmosphere, the neighborhood offers a unique blend of coastal beauty and urban conveniences. Residents enjoy direct access to St. Mary's-By-The-Sea, a waterfront park offering scenic vistas of Long Island Sound, trendy eateries offering diverse cuisines, and cultural events that enhance the area's allure. Community events such as art festivals and farmers' markets further enrich the cultural fabric of Black Rock, fostering a strong sense of community among its residents. Convenient access to public transportation and major roadways facilitates easy commuting throughout Bridgeport while providing convenient regional access. This location provides tenants easy access to major employment hubs in New Haven, Stratford, Shelton, and Lower Fairfield County. Additionally, the property is located less than one mile away from the Fairfield Metro North train station with direct service to Grand Central Terminal, making it a great option for NYC commuters. Further demand drivers include several renowned universities, two major hospitals, M&T Bank headquarters, a deep-water port, and a ferry to Port Jefferson on Long Island. With its prime location and local amenities, Black Rock Homes presents a compelling investment opportunity. Bridgeport's strategic growth and increasing demand for high-quality housing make this property a lucrative choice for investors seeking long-term value and rental income stability.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF UNITS

57

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Black Rock Homes

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1969

PARKING SPACES

57

LAND DETAILS

LAND ACRES

0.97 AC

LAND SF

42,298 SF

ZONING

RB

APN/PARCEL ID

BRID-000219-000017

ASK ABOUT THIS PROPERTY

Rich EdwardsNortheast Private Client GroupMore Info
203-727-3212

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Rich EdwardsNortheast Private Client GroupMore Info
203-727-3212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.