National Multifamily brokers 164-unit four-building portfolio for $17.3 million

Bridgeport, CT National Multifamily sold a 164-unit, four-building multifamily portfolio to a New York City investor for $17.3 million. The deal closed on June 2^nd, 2026. Matt Cawley, Michael Hewes, and Olivia Friedberg of National Multifamily represented the seller and directly procured the buyer in an off-market transaction.

The properties located at 265 Washington Ave., 223-237 Washington Ave., 205 Washington Ave., and 40 Sanford Pl. were comprised of 43-studios, 101 one-bedrooms, and 20 two-bedrooms totaling 116,718 rentable s/f across four contiguous buildings. The properties were all built between 1910 and 1926 and combined to sit on a total of 1.35 acres. There was no off-street parking for the tenants at the properties, however the portfolio did feature a central laundry facility and an Amazon package room. The landlord paid for heat and hot water through central gas boilers and hot water heaters at each building.

The properties were located in the Hollow neighborhood of the city.

Cawley said “We are pleased to have completed the sale of the Washington Ave. portfolio in Bridgeport, CT. A portfolio of this size does not come available very often and the demand for it from the top bidding groups in Bridgeport showed just how strong the multifamily market is in the city. We are excited to see what the buyer has in store for the properties as they will fit in nicely with their current portfolio.”

National Multifamily was founded by Matt Cawley in 2022. Headquartered in Rye Brook, NY the company focuses exclusively on the sale of multifamily and mixed-use properties. With a primary focus in the states of New York and Connecticut, the company is additionally licensed in the states of New Jersey, Massachusetts, Rhode Island, New Hampshire, Pennsylvania, Colorado, Georgia, South Carolina, North Carolina, & Florida.