Mixed-Use Property with
For Sale
Contact for pricing
156 Columbia Street, Bridgeport, CT 06604
Two-use building combining commercial space with four tenant-occupied apartments and on-site parking.
Property Size2,400 SF
Price / SF$332.92
Days on Market55
Property Features for 156 Columbia Street
General Information
Standard status
Active
Size
2,400 SF
Class
C
Total Parking Spaces
2
Property subtype
Multifamily
Zoning
RC
Occupancy
80%
Investment Type
Institutional
Additional Details
Multifamily Units
4
Building Details
Year Built
1941
Buildings
1
Units
5
Tenancy
Multi
Listing Agency:
Century 21 Galvez
(718) 409-6300
Listed By:
Alexander Galvez · License #NY 10491210468
Source:
Crexi
Added: Jul 8
Changed: Aug 29
Last Checked: Aug 31 at 2:26AM
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 Century 21 Galvez
Investment Insights
Based on property information with market context.
This mixed-use property contains 2,400 square feet of space and was built in 1941. The layout includes commercial interiors described as suitable for retail, office, or service-oriented operations, along with four apartments that are occupied by tenants. On-site parking serves both the commercial and residential components.
The property is located at 156 Columbia Street in Bridgeport, Connecticut, with access to major roadways. It carries RC zoning, supporting its mixed-use classification. The combination of commercial space and four residential units creates a single-property configuration with both business and rental components.
The property is located at 156 Columbia Street in Bridgeport, Connecticut, with access to major roadways. It carries RC zoning, supporting its mixed-use classification. The combination of commercial space and four residential units creates a single-property configuration with both business and rental components.
Key Highlights
- 2,400‑square‑foot mixed‑use property in Bridgeport, CT
- Four on‑site apartments with tenants in place
- Commercial space suitable for retail, office, or service‑oriented use
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
$34,776
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
4.35%
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%
$695,520
$695.5K
Cap Rate 7%
$496,800
$496.8K
Cap Rate 9%
$386,400
$386.4K
Market Conditions
NOI Build-Up for 2,400 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
$60.5K $25.20/SF
− Vacancy
−$4.8K −$2.02/SF
EGI
$55.6K $23.18/SF
− OpEx
−$20.9K −$8.69/SF
NOI
$34.8K $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%
$695,520
Cap Rate 7%
$496,800
Cap Rate 9%
$386,400
Alternative Uses
Best Use
Mixed Use
$496.8K
$434.7K – $579.6K
NOI $34,776 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$403.3K
$352.9K – $470.5K
NOI $28,231 @ 7.0% cap · market cap 3.53%
Theoretical Best
Office A
$685.0K
$599.4K – $799.2K
NOI $47,951 @ 7.0% cap · market cap 6.00%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
1,002
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 - Two-use building combining commercial space with four tenant-occupied apartments and on-site parking.
Where is this mixed-use property located?
The property is located at 156 Columbia Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: 2,400‑square‑foot mixed‑use property in Bridgeport, CT; Four on‑site apartments with tenants in place; Commercial space suitable for retail, office, or service‑oriented use
