Bridgeport Multifamily Investment
105 Milne Street Bridgeport, CT 06604
105 Milne Street, Bridgeport, CT, 06604
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For Sale
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Well-maintained brick apartment building with ten units in Bridgeport, CT.
Property Size7,810 SF
Price / SF$256.08
Days on Market59
Property Features for 105 Milne Street
General Information
- Standard status
- Active
- Size
- 7,810 SF
- Property subtype
- Multifamily
Listing Agency
Baldwin Pearson & Company
Listed by
Daniel Shawah · License #RES.0829215
Source
Crexi
Added: May 19 Checked: Jul 16 at 4:44 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Baldwin Pearson & Company
Investment Insights
Based on property information with market context.
The property at 105 Milne Street, also known as 100 Pequonnock Street in Bridgeport, CT, is a brick apartment building featuring ten apartments. The unit mix includes nine one-bedroom apartments and one studio. The building occupies a full block with access from both Milne and Pequonnock Streets. This multifamily property is located in a rapidly expanding investment market within Fairfield County.
Key Highlights
- Well‑maintained brick apartment building.
- Located in a rapidly expanding value‑add investment market in Connecticut.
- Contains ten apartments: nine 1‑bedroom units and one studio.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $176.2k | $22.56 |
| − Vacancy | −$9.2k | −$1.17 |
| EGI | $167.0k | $21.39 |
| − OpEx | −$75.2k | −$9.62 |
| NOI | $91.9k | $11.76 |
7,810 SF · lease $22.56/SF/yr · vacancy 5.20% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.31M
$1.15M – $1.53M
NOI $91,867 @ 7.0% cap · market cap 4.59%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.23M
$1.95M – $2.60M
NOI $156,040 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Well-maintained brick apartment building with ten units in Bridgeport, CT.
Where is this apartment building located?
The property is located at 105 Milne Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: Well‑maintained brick apartment building.; Located in a rapidly expanding value‑add investment market in Connecticut.; Contains ten apartments: nine 1‑bedroom units and one studio.
