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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Residential income homes
83-87 Madison Ave Bridgeport, CT 06604
Entity Owned
4-yr Hold
Property ID
US15-0079693
Property profile
Verified
Property type
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Year built
1902
Total area
5,259 SF
Lot
0.1 ac (4,242 SF)
Zoning code
RC
APN
BRID M:41 B:1045 L:16
UPID
US15-0079693
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
$655k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$497k
Blend (final)
Blend
$520k
Owner & transaction history
Ag Residential LLC · 4 yrs held
Ag Residential LLC
since 2021
Last sale
$480,000
5 recorded transactions
Zoning & alternative use
RC · Bridgeport, CT
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$635,000
+8.3%
Commercial (general)
$635,000
+8.2%
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
$650,000
ML approach
$655,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$585,000
Current use
OFFICE BUILDING
$635,000
Change: +8% · Conversion: Moderate
COMMERCIAL (GENERAL)
$635,000
Change: +8% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$475,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $480k (Nov 5 2021)
Last sale anchor
$480k
Nov 5 2021
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
$99 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$9,712
Tax year 2023
Assessed value
$223,510
Assessed 2023
Previous assessed
$223,510
+0.0% YoY
Effective rate
4.35%
On assessed value
Assessed land
$36,780
Assessed improvement
$186,730
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
Residential income homes
Use group
APARTMENT HOUSE (UNDER 5 UNITS)
Status
Off-Market
Year built
1902
Heating
FORCED AIR
Buildings
1
Stories
2
Units
4
Rooms
16
Bathrooms
4
Total area
5,259 SF
Lot
0.1 ac (4,242 SF)
Zoning code
RC
APN
BRID M:41 B:1045 L:16
UPID
US15-0079693
Jurisdiction
BRIDGEPORT
Zoning & alternative use
RC · Bridgeport, CT
Zoning RC · permitted uses
RC · 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
$585,000
OFFICE BUILDING
Est. value
$635,000
COMMERCIAL (GENERAL)
Est. value
$635,000
INDUSTRIAL (GENERAL)
Est. value
$475,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1902
Heating
FORCED AIR
Stories
2
Buildings
1
Units
4
Rooms
16
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Ag Residential LLC
Entity
Mailing address
83 MADISON AVE #87, BRIDGEPORT, CT 06604-3334
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 5, 2021
$480,000
Ag Residential LLC
Lesly J Charles
Warranty Deed
$384,000 · Loan Funder LLC
Aug 12, 2019
$350,000
Charles Lesly
Mazza,juan
Warranty Deed
—
Nov 17, 2005
$350,000
Juan Mazza
Scotnick,robert
Warranty Deed
$262,500 · Aurora Loan Services INC
Jul 19, 1999
$88,580
Robert Slotnick
Dias,armando
Warranty Deed
$79,700 · Accubanc Mortgage Corp
—
—
Charles Lesly
—
Deed Of Trust
related
$343,660 · Homeservicing Lndg 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.
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