Black Rock Development Site 543 Ellsworth St 123 Unit Apartment Building $2,460,000 ($20,000/Unit) Bridgeport, CT 06605

This is a fully approved transit-oriented 123-unit multifamily development site located on the vibrant Fairfield Avenue Corridor of Black Rock in Bridgeport, Connecticut. The approved development features a straightforward and pragmatic unit mix which simultaneously offers a variety of attractive floor plans. Amenities include an outdoor amenity deck, on-site covered parking, leasing office, fitness center, elevator, and clubroom. The Bridgeport-Stamford-Danbury market has seen strong rent growth in recent years, and this growth is projected to continue through 2025.
The location of 543-557 Ellsworth Street is ideal for capturing the affluent and educated tenant base that populates Black Rock. Perfectly located for professionals and commuters, the property is within walking distance of the Fairfield Metro Train Station and less than 1 mile to Interstate 95 on- and off-ramps making commutes to New Haven, Lower Fairfield County, or NYC a breeze.
Healthcare workers and university staff and faculty will find its location extremely desirable as well given its immediate proximity to several area hospitals and universities. All residents will benefit from the property’s proximity to the excellent bars, dining establishments, and entertainment amenities that the neighborhood has to offer. Fairfield County features one of the most diverse, dynamic, and resilient economies in the Northeast with burgeoning entertainment, life sciences and biotech industries, plus healthcare and research, education, energy, defense, aerospace, manufacturing, and technology.