News: Brokerage

Angel Commercial sells 2407 & 2423 Fairfield Avenue for $1.05 million

Bridgeport, CT An investor has purchased 2407 & 2423 Fairfield Ave. for $1.05 million, according to Jon Angel, president of Angel Commercial, L.L.C.  

Zhao Yin Chen has acquired the 7,788 s/f building on 0.42 acre and the adjacent 0.35-acre parcel which was unimproved at the time of sale.

“The property sold relatively quickly,” said Angel who represented both parties in this transaction. “There was a long-term lease already in place, which increased the desirability of the asset.” A 24-hour laundromat currently leases the building.

MORE FROM Brokerage

Kelleher and Pentore of Horvath & Tremblay sell a 15-unit multi-family property in Chelsea, MA for $3.55 million

Chelsea, MA Dennis Kelleher and John Pentore of Horvath & Tremblay have successfully completed the sale of a 15 units for $3.55 million.  827-835 Broadway, which is a value-add type asset, is situated in a high-density, urban-infill neighborhood.
READ ON THE GO
DIGITAL EDITIONS
Subscribe
Columns and Thought Leadership
The rise of AI in CRE - And what it means for every  skilled profession - A broker & appraiser weighs in - by Bryan Plourde

The rise of AI in CRE - And what it means for every skilled profession - A broker & appraiser weighs in - by Bryan Plourde

This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.
End of the year retail thoughts - by Carol Todreas

End of the year retail thoughts - by Carol Todreas

Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.