Newly Built Duplex with Open
For Sale
$760,000
99-101 Johnson St, Bridgeport, CT 06604
Two-family property with hardwood floors, updated kitchens, and access to nearby parks, schools, shopping, dining, transit, and highways.
Property Size3,370 SF
Price / SF$225.52
Days on Market59
Property Features for 99-101 Johnson St
General Information
Standard status
Active
Size
3,370 SF
Property subtype
Multi-Family
Additional Details
Public Transit
Yes
Multifamily Units
2
Building Details
Year Built
2024
Listing Agency:
Whitestone Real Estate Group
(203) 278-3121
Listed By:
Brenda L. Cruz (203) 257-6516 (203) 307-5064 · License #10401356709
Source:
Sunsetcreekrealty
Added: Jul 4
Changed: Aug 29
Last Checked: Aug 30 at 5:58PM
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 Whitestone Real Estate Group
Investment Insights
Based on property information with market context.
Built in 2024, this duplex offers a two-family configuration with an open-concept interior and 3,370 in reported property size. Hardwood flooring extends throughout the home, while the contemporary kitchens feature stainless steel appliances and quartz countertops. Generous interior space supports the property’s residential layout.
The property is located at 99-101 Johnson Street in Bridgeport, Connecticut, near parks, schools, shopping, restaurants, public transportation, and major highways. Its combination of newer construction, modern kitchen finishes, and access to everyday amenities provides a practical multifamily ownership profile.
The property is located at 99-101 Johnson Street in Bridgeport, Connecticut, near parks, schools, shopping, restaurants, public transportation, and major highways. Its combination of newer construction, modern kitchen finishes, and access to everyday amenities provides a practical multifamily ownership profile.
Key Highlights
- Duplex configuration with a two‑family layout
- Built in 2024
- 3,370 reported property size
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
$43,672
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
5.75%
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%
$873,440
$873.4K
Cap Rate 7%
$623,886
$623.9K
Cap Rate 9%
$485,244
$485.2K
Market Conditions
NOI Build-Up for 3,370 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
$66.7K $19.80/SF
− Vacancy
−$4.3K −$1.29/SF
EGI
$62.4K $18.51/SF
− OpEx
−$18.7K −$5.55/SF
NOI
$43.7K $12.96/SF
Area
Bridgeport, CT
Vacancy
6.50%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
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%
$873,440
Cap Rate 7%
$623,886
Cap Rate 9%
$485,244
Alternative Uses
Best Use
Multifamily LT 5
$623.9K
$545.9K – $727.9K
NOI $43,672 @ 7.0% cap · market cap 5.75%
Second Best
Apartment 5plus
$566.3K
$495.5K – $660.7K
NOI $39,641 @ 7.0% cap · market cap 5.22%
Theoretical Best
Office A
$961.9K
$841.6K – $1.12M
NOI $67,331 @ 7.0% cap · market cap 8.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
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?
Duplex - Two-family property with hardwood floors, updated kitchens, and access to nearby parks, schools, shopping, dining, transit, and highways.
Where is this duplex located?
The property is located at 99-101 Johnson St Bridgeport, CT.
What is the asking price?
The asking price for this property is $760,000.
What are key features of this property?
This property features: Duplex configuration with a two‑family layout; Built in 2024; 3,370 reported property size
