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Property profile & analytics
FOR SALE
Apartment buildings
1389 Pembroke St, Bridgeport, CT 06608
Individually Owned
5-yr Hold
Property ID
US15-0161833
For Sale
1 / 28
$1,425,000
1389 Pembroke St, Bridgeport, CT 06608
View Listing →
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
1912
Construction
FRAME
Total area
6,578 SF
Lot
0.12 ac (5,341 SF)
Zoning code
B1
APN
BRID M:48 B:1722 L:16
UPID
US15-0161833
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$975k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$680k
Blend (final)
Blend
$710k
Owner & transaction history
Douglas A Inverstment · 5 yrs held
Douglas A Inverstment
since 2020
Last sale
$699,000
7 recorded transactions
Zoning & alternative use
B1 · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$820,000
+8.4%
Office building
$795,000
+5.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Bridgeport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bridgeport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$755,000
Current use
COMMERCIAL (GENERAL)
$820,000
Change: +8% · Conversion: Moderate
OFFICE BUILDING
$795,000
Change: +5% · Conversion: Moderate
Blend value · Realmo final
$710k
Range $639k – $781k · ±10% · vs last sale $699k (Aug 3 2020)
Last sale anchor
$699k
Aug 3 2020
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$108 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$12,722
Tax year 2024
Assessed value
$292,800
Assessed 2024
Previous assessed
$292,800
+0.0% YoY
Effective rate
4.34%
On assessed value
Assessed land
$41,740
Assessed improvement
$251,060
Applied tax rate
100.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
For Sale
Year built
1912
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
3
Units
6
Bathrooms
6
Total area
6,578 SF
Lot
0.12 ac (5,341 SF)
Zoning code
B1
APN
BRID M:48 B:1722 L:16
UPID
US15-0161833
Jurisdiction
BRIDGEPORT
Zoning & alternative use
B1 · Bridgeport, CT
Zoning B1 · permitted uses
B1 · Bridgeport, CT
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bridgeport. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS) Current
Est. value
$755,000
COMMERCIAL (GENERAL)
Est. value
$820,000
OFFICE BUILDING
Est. value
$795,000
APARTMENT HOUSE (5+ UNITS) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1912
Construction
FRAME
Heating
FORCED AIR
Stories
3
Buildings
1
Units
6
Bathrooms
6
Lot
0.12 ac
Current owner
From public records · entity-resolved
Douglas A Inverstment
Individual
Mailing address
1389 PEMBROKE ST, BRIDGEPORT, CT 06608-1311
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
—
1389 Pembrike Street LLC
—
Deed
related
$373,782 · Nbt Bank National Association
Mar 9, 2021
—
Douglas Allen Inv Grp LLC
—
Deed
related
$190,000 · Sachem Capital Corp
Feb 24, 2021
—
Douglas Allen Inv Grp LLC
—
Deed
related
$190,000 · Sachem Capital Corp
Aug 3, 2020
—
Douglas A Inverstment
1389 Pemberoke LLC
Quit Claim Deed
related
—
Jun 1, 2015
$90,000
1389 Pembroke LLC
Vfc Properties 26 LLC
Warranty Deed
$95,000 · Maple Group LLC
Mar 5, 2014
—
Vfc Partners 26 LLC
Ventura,manuel
Foreclosure
related
—
Feb 14, 2008
$360,000
Gilberto Orellana
Ventura,manuel A
Grant Deed
—
Jan 6, 2006
$449,900
Manuel Ventura
Avalos,antonio
Warranty Deed
$337,400 · Robert J Dean SR
Nov 24, 2004
$319,900
Antonio Avalos
Slotnick,robert
Warranty Deed
$230,900 · Robert J Dean SR
Nov 24, 2004
$125,000
Michael Hack
Slotnick,robert
Grant Deed
—
Jul 31, 2001
$58,300
Robert Slotnick
Rodriguez,eva
Warranty Deed
—
—
—
1389 Pembroke LLC
—
Deed Of Trust
related
$148,000 · Sachem Cap Ptnrs LLC Sachem Cap Ptnrs LLC
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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