BRIDGEPORT, CT-Marcus & Millichap Investment Real Estate Services reports that it has brokered the $2,475,000 sale of the Bridgeport Commons Apartment complex here.

The New Haven-based brokerage firm represented the seller Lennar Partners Inc., which represented LaSalle National Bank Association. LaSalle National Bank Association had acquired the 86-unit market rate rental complex in foreclosure proceedings. The buyer was Bridgeport Commons, LLC, a local real estate investment group that owns other rental apartment communities in the region, according to Marcus & Millichap officials. The firm also handled the sale for the buyer as well.

Gary Witten, Victor Nolletti and Steve Witten of Marcus & Millichap Investment Real Estate Services worked on the deal, which closed on Friday, Sept. 20. People’s Bank, based in Bridgeport, provided the financing for the transaction.

Bridgeport Commons consists of 1525 and 1535 Central Ave. in Bridgeport, nearby Bridgeport Hospital.

The entire complex features eight studio units, 74, one-bedroom and four, two-bedroom units. The property has undergone significant renovations and upgrades including new appliances, carpet, windows, cabinets and roofs.

The 1525 Central Ave. property, built in 1968, features 36 one-bedroom units. The 1535 Central Ave. building, constructed in 1972, consists of 50 units: eight studios, 17, one-bedroom units, 21 large one-bedroom with dining room units and four large two-bedroom apartments.

Both buildings have on-site laundry facilities and off-street parking in an open carport below each building.

Steve Witten said the new owner plans to institute capital upgrades to the property in the near future.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.