Property Description
Assumable debt is available: 4.65% interest rate, $3,780,000 balance, fixed through October 2028, yield maintenance prepayment. The apartments located at 760 Atlantic Street (legal address: 223 Iranistan Avenue) in Bridgeport CT are comprised of 60 Units (24-two bedrooms, 27-one bedrooms, 21-studios) totaling 40,742 rentable square feet in two-four story attached buildings built in 1969. The property is located across from Seaside Park overlooking the Long Island Sound. Situated on a .63 acre site, there is off-street parking and a laundry facility for the tenants. The property has been heavily upgraded over the past ten years. The rent roll is as of March 2024 and the expenses are from a T-12 running March 2023 to February 2024.