77-Unit Apartment
525 John Street, Bridgeport, CT 06604
For Sale
$2,750,000
Commercial For Sale, Bridgeport, CT
Property Size16,042 SF
Lot Size0.55 Acres
Price / SF$171.43
Days on Market49
Property Features for 525 John Street
General Information
Property type
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Zoning
Bathrooms
Full bathrooms
Half bathrooms
Rooms
Lot features
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Subdivision
Standard status
Size
Lot size
Additional Details
Property Use
Taxes and HOA fees
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Tax Annual Amount
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Building Details
Year built
Buildings
Listing Agency:
Davis Owen Real Estate
(203) 378-2244
Listed By:
Darren Owen
(203) 400-7531
Added: Sep 28
Changed: Nov 15
Last Checked: Nov 15 at 4:06PM
MLS# 24209344
Copyright © 2026 SmartMLS, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
At 525 John Street, the existing two-story commercial office building is slated for conversion to a five-story residential project. Administrative approval was granted through the Design Review & Zoning Office for 77 apartments and approximately 67,750 square feet of total building area. The property is zoned RX2.
The site is in downtown Bridgeport, Connecticut. Public water and public sewer serve the property. The existing building dates to 1966 and has central air conditioning.
The site is in downtown Bridgeport, Connecticut. Public water and public sewer serve the property. The existing building dates to 1966 and has central air conditioning.
Key Highlights
- Approved redevelopment plan calls for 77 residential units
- Proposed five‑story building with approximately 67,750 square feet of total area
- Existing commercial office building contains 16,042 square feet across two stories
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$221,938
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,438,760
$4.4M
Cap Rate 7%
$3,170,543
$3.2M
Cap Rate 9%
$2,465,978
$2.5M
Market Conditions
NOI Build-Up for 16,042 SF
Gross rent
$352.3K $21.96/SF
− Vacancy
−$56.4K −$3.51/SF
EGI
$295.9K $18.45/SF
− OpEx
−$74.0K −$4.61/SF
NOI
$221.9K $13.83/SF
Area
Bridgeport, CT
Vacancy
16.00%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,438,760
Cap Rate 7%
$3,170,543
Cap Rate 9%
$2,465,978
Alternative Uses
Best Use
Office B
$3.17M
$2.77M – $3.70M
NOI $221,938 @ 7.0% cap · market cap 8.07%
Second Best
Apartment 5plus
$2.70M
$2.36M – $3.14M
NOI $188,699 @ 7.0% cap · market cap 6.86%
Theoretical Best
Office A
$4.58M
$4.01M – $5.34M
NOI $320,511 @ 7.0% cap · market cap 11.65%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,486
Businesses Nearby
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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
$231,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Bridgeport, CT
Properties on Market for Apartment buildings in Bridgeport
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Apartment building - Approved plans convert an existing office property into a larger multifamily building in downtown Bridgeport.
Where is this apartment building located?
The property is located at 525 John Street Bridgeport, CT.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: Approved redevelopment plan calls for 77 residential units; Proposed five‑story building with approximately 67,750 square feet of total area; Existing commercial office building contains 16,042 square feet across two stories
