This feature is unavailable at the moment.

We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.

Please check back in a few minutes. We apologize for the inconvenience.

- LoopNet Team

You must register your contact information to view secure information on this listing.
You must register your contact information to view secure information on this listing.

Share This Listing

Please enter a valid email address.

Note: To send this property to multiple individuals, insert a semi-colon between each recipient's email address.

LoopNet has taken a strong stance against the practice of sending unsolicited commercial emails, also known as "spam." Please send these emails only to people you know who would be interested in this property. If someone asks you not to send these emails to them, please comply.

thank you

Your email has been sent!

45 Monroe St
Bridgeport, CT 06605

Black Rock Homes · Multifamily Property For Sale · 57 Units

Investment Highlights

  • 100% Market Rate
  • Value- Add Opportunity
  • Exceptional Submarket Fundamentals
  • Turnkey Asset with Significant Recent Capital Improvements
  • Burgeoning Submarket – Black Rock
  • Attractive to Cost Conscious Lifestyle Renters

Executive Summary

Northeast Private Client Group is pleased to exclusively present Black Rock Homes, a 57-unit, 100% market-rate, turnkey apartment building located within the Black Rock neighborhood of Bridgeport, Connecticut. Located at 45 Monroe Street in Bridgeport, Connecticut, Black Rock Homes consists of 44,121 square feet of livable area on a 1-acre parcel and includes parking for fifty-seven (57) vehicles. This asset offers a mix of apartment layouts catering to various living needs, from studios to two-bedroom units. Each apartment boasts an inviting floor plan, high-end finishes, and modern amenities, ensuring a luxurious living experience for tenants. Black Rock Homes is nestled within Connecticut’s coveted Black Rock neighborhood. Known for its historic charm and vibrant community atmosphere, the neighborhood offers a unique blend of coastal beauty and urban conveniences. Residents enjoy direct access to St. Mary's-By-The-Sea, a waterfront park offering scenic vistas of Long Island Sound, trendy eateries offering diverse cuisines, and cultural events that enhance the area's allure. Community events such as art festivals and farmers' markets further enrich the cultural fabric of Black Rock, fostering a strong sense of community among its residents. Convenient access to public transportation and major roadways facilitates easy commuting throughout Bridgeport while providing convenient regional access. This location provides tenants easy access to major employment hubs in New Haven, Stratford, Shelton, and Lower Fairfield County. Additionally, the property is located less than one mile away from the Fairfield Metro North train station with direct service to Grand Central Terminal, making it a great option for NYC commuters. Further demand drivers include several renowned universities, two major hospitals, M&T Bank headquarters, a deep-water port, and a ferry to Port Jefferson on Long Island. With its prime location and local amenities, Black Rock Homes presents a compelling investment opportunity. Bridgeport's strategic growth and increasing demand for high-quality housing make this property a lucrative choice for investors seeking long-term value and rental income stability.

PROPERTY FACTS

Price Per Unit $200,877
Sale Type Investment
Cap Rate 6.09%
No. Units 57
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 1.00 AC
Building Size 45,121 SF
Average Occupancy 100%
No. Stories 3
Year Built/Renovated 1969/2022
Parking Ratio 1.26/1,000 SF

Unit Amenities

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Heating
  • Stainless Steel Appliances

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 51 - 368 - 714
2+1 6 - 829

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
BRID-000219-000017
Land Assessment
$751,180
Improvements Assessment
$1,821,800
Total Assessment
$2,572,980

zoning

Zoning Code RB
RB
  • Listing ID: 32891728

  • Date on Market: 8/20/2024

  • Last Updated:

  • Address: 45 Monroe St, Bridgeport, CT 06605

Please Share Your Feedback

We welcome any feedback on how we can improve LoopNet to better serve your needs.
X
{{ getErrorText(feedbackForm.starRating, 'rating') }}
255 character limit ({{ remainingChars() }} characters remainingover)
{{ getErrorText(feedbackForm.msg, 'rating') }}
{{ getErrorText(feedbackForm.fname, 'first name') }}
{{ getErrorText(feedbackForm.lname, 'last name') }}
{{ getErrorText(feedbackForm.phone, 'phone number') }}
{{ getErrorText(feedbackForm.phonex, 'phone extension') }}
{{ getErrorText(feedbackForm.email, 'email address') }}