Five-Story Mixed-Use
For Sale
Contact for pricing
1269 Main St, Bridgeport, CT 06604
Newly constructed downtown asset combining apartment residences with street-level commercial space in a transit-oriented setting.
Property Size74,000 SF
Price / SF$418.92
Days on Market132
Property Features for 1269 Main St
General Information
Standard status
Active
Size
74,000 SF
Property subtype
Retail, Multifamily
Zoning
DCB
Net Operating Income
$1,999,034
Additional Details
Public Transit
Yes
Multifamily Units
92
Building Details
Year Built
2024
Buildings
1
Stories
5
Tenancy
Multi
Listing Agency:
RE/MAX Right Choice Real Estate
(203) 268-1118
Listed By:
Jeff Wright · License #CT# 739463
Source:
Crexi
Added: Apr 22
Changed: Aug 30
Last Checked: Aug 30 at 3:05AM
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 RE/MAX Right Choice Real Estate
Investment Insights
Based on property information with market context.
Completed in 2024, this five-story mixed-use property contains 74,000 square feet with 92 apartments and five commercial spaces at street level. The building is newly constructed and combines residential units with retail-oriented commercial space within a single modern development.
The property is located at 1269 Main St in downtown Bridgeport, Connecticut, and is identified as transit-oriented, with proximity to major transportation hubs. Its urban setting and combination of apartment and commercial components create a clearly defined mixed-use configuration.
The property is located at 1269 Main St in downtown Bridgeport, Connecticut, and is identified as transit-oriented, with proximity to major transportation hubs. Its urban setting and combination of apartment and commercial components create a clearly defined mixed-use configuration.
Key Highlights
- 74,000‑square‑foot mixed‑use property completed in 2024
- 92 apartments within a five‑story building
- Five street‑level commercial spaces
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$1,072,260
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.46%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,445,200
$21.4M
Cap Rate 7%
$15,318,000
$15.3M
Cap Rate 9%
$11,914,000
$11.9M
Market Conditions
NOI Build-Up for 74,000 SF
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.
Gross rent
$1.86M $25.20/SF
− Vacancy
−$149.2K −$2.02/SF
EGI
$1.72M $23.18/SF
− OpEx
−$643.4K −$8.69/SF
NOI
$1.07M $14.49/SF
Area
Bridgeport, CT
Vacancy
8.00%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$21,445,200
Cap Rate 7%
$15,318,000
Cap Rate 9%
$11,914,000
Alternative Uses
Best Use
Mixed Use
$15.32M
$13.40M – $17.87M
NOI $1,072,260 @ 7.0% cap · market cap 3.46%
Second Best
Retail
$12.72M
$11.13M – $14.84M
NOI $890,442 @ 7.0% cap · market cap 2.87%
Theoretical Best
Office A
$21.12M
$18.48M – $24.64M
NOI $1,478,484 @ 7.0% cap · market cap 4.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
92
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,788
Businesses Nearby
Explore this area
Business Placement
Demographics for 06604, CT
30,003
Population
12,972
Households
2.3
Avg Household Size
35
Median Age
29%
College-Educated
74%
High-School Grad
3.2 sq mi
ZIP Area
9,376
Density / Sq Mi
$45,794
Median Household Income
$34,706
Median Earnings
$1,419
Median Rent
$231,300
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly constructed downtown asset combining apartment residences with street-level commercial space in a transit-oriented setting.
Where is this mixed-use property located?
The property is located at 1269 Main St Bridgeport, CT.
What is the asking price?
The asking price for this property is $31,000,000.
What are key features of this property?
This property features: 74,000‑square‑foot mixed‑use property completed in 2024; 92 apartments within a five‑story building; Five street‑level commercial spaces
