United Multi Family brokers $8.525 million sale of 179 units

October 21, 2016 - Connecticut
Cambridge Apartments at 2209-2225 Main Street - Bridgeport, CT Cambridge Apartments at 2209-2225 Main Street - Bridgeport, CT

Bridgeport, CT United Multi Family (UMF) brokered the sale of a 179-unit apartment building known as the Cambridge Apartments located at 2209-2225 Main St. for $8.525 million ($47,626 per unit).

Handled by Rich, Matt and Kurt Cawley of UMF, the brick residences were built in 1932 and comprised of 168 studios and 11 one-bedroom units plus an onsite super’s unit and management office totaling 83,205 rentable s/f in a 3-story brick building. Situated on a 2.13-acre site, there is off street parking available for tenants and an updated onsite laundry facility. Recent capital improvements include the roof, boiler updates, and interior renovations to units.

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