Investment firm brokers $12M sale of four Bridgeport apartment buildings

The Shelton office of private investment firm Northeast Private Client Group handled the sale of nine Bridgeport properties totaling 152 units, the Daily Voice Plus reported. The four transactions total almost $11.73 million, and involve a 44-unit multifamily portfolio at 740 Ellsworth Street and 191 Oak Street that sold for $3.6 million, a 32-unit building at 240 Oak Street that went for $2.3 million, a two-location portfolio with 35 total units that fetched $2.28 million and four properties totaling 41 units on East Main Street that sold for $3.6 million. All of the deals involved private investors and limited liability companies, according to DVP. The Real Deal reported this week on the $24 million sale of a 238-unit portfolio in Bridgeport and nearby Stratford to a private equity firm and a local multifamily operator. MLK Real Estate Capital arranged the joint venture for that multifamily transaction in Fairfield County, where rentals have recently become a hot commodity for real estate investors. [DVP] —Brian Baxter