2 Locations For Sale

Northeast Private Client Group is pleased to exclusively present the opportunity to acquire Golden Hill & Broad Apartments, a turn-key, stabilized multifamily investment with significant rental upside in the heart of downtown Bridgeport, Connecticut. The offering consists of two identical 12-unit buildings totaling 24 residential units across 18,480 square feet of living area.

The property is located in Fairfield County, Connecticut's most populous county and one of the wealthiest in the nation. Commonly referred to as the "Gold Coast," the region benefits from strong demographics and continued investment throughout the Bridgeport submarket.

Constructed in 2013 and 2014, both buildings feature modern design with three-story walk-up construction. Each unit includes contemporary finishes and premium amenities: hardwood cabinetry, upgraded appliances, granite countertops, in-unit washer and dryer, and private balconies. The property operates with a fully tenant-paid utility structure through individual electric hot water heaters and PTAC heating systems. Off-street parking is provided via a dedicated garage directly across the street.

Current rents average $1,402/month and the property has already achieved $1,500/month on recent leases. Market rents for comparable downtown Bridgeport properties support $1,750/month, creating an immediate rental gap of approximately $350/month per unit. This represents roughly $100,000 in additional NOI through strategic lease-up and revenue management as leases turn. Importantly, this upside is purely operational and does not require unit renovations or capital expenditures - the units are already in excellent condition and command market rents through standard turnover.

The location is among downtown Bridgeport's most desirable. The property sits within walking distance of the area's best retail, dining, and entertainment, and is 0.4 miles from Bridgeport Metro-North station with direct service to New York City. The asset benefits from proximity to major employment centers, healthcare institutions, and ongoing public and private development that continues to transform the downtown corridor.

Golden Hill & Broad Apartments represent a rare opportunity to acquire a modern, fully stabilized asset with clear value-add execution in one of Connecticut's fastest-evolving urban markets. The combination of quality construction, strong location, and substantial rental upside positions a new owner to capture both immediate NOI growth and continued organic rent appreciation driven by Bridgeport's ongoing revitalization.