Listed by EAC Properties LLC
$1,500,000
86 Whittier St
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 54
Units 32
Price Per Acre $1,209,700
Broker Co-Op Yes
Class A
Year Built 1912
Buildings 1
Stories 2
Acreage 1.240
Zoning RC
Investment Type Redevelopment
Ownership Private Owner
32 Unit Conversion Delivered Entitled - Former School Black Rock, Connecticut
Marketing description
EAC Properties LLC is proud to exclusively present 86 Whittier Street for purchase. This offering presents a rare opportunity to acquire a former school building situated on 1.24 acres in the highly sought after Black Rock neighborhood of Bridgeport, CT. The property is slated for conversion into a 32-unit multifamily apartment community, with all necessary approvals to be delivered prior to closing. Its strategic location is within proximity to Metro North’s Black Rock/Fairfield Metro train station, providing excellent commuter access and supporting strong long-term rental demand.
Black Rock offers a rare combination of lifestyle appeal, strong rental fundamentals, and long term growth potential. For multifamily investors and developers, it represents one of the most promising pockets of opportunity in Fairfield County—where demand is rising, supply is constrained, and the neighborhood’s unique charm continues to attract residents year after year.
Investment highlights
- Developer’s Projected Return on Cost (stabilized): 8.75%
- Asking Price: $1,500,000
- Equivalent to $46,875 per convertible unit
- Land value of approx. $1,209,700 per acre
- Projected Total Development Cost: $5,391,000 (including land)
- Projected Cost per unit: $168,500 (including land)
Listing Contacts
Listed by EAC Properties LLC
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Zoning
NX2 ResidentialMulti FamilyNeighborhood Mix 2
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