BRIDGEPORT, CONN. — New York City-based brokerage firm Adirondack Capital Partners has arranged the $107.5 million sale of Canfield Park at Fairfield Metro, a 300-unit asset in Bridgeport, a coastal city located roughly 20 miles southwest of New Haven, Connecticut.
Canfield Park at Fairfield Metro was constructed in 2023. The community features studio, one- and two-bedroom apartments that range from 300 to 1,200 square feet. Amenities include a pool, fitness center, rooftop terrace, game room, golf simulator, music and art studios, courtyard with grilling stations, sports bar, coffee lounge and a community kitchen.
Marko Kazanjian, Max Herzog, Andrew Cohen and Max Hulsh of Institutional Property Advisors (IPA), a division of Marcus & Millichap, arranged agency acquisition financing and joint venture equity for the deal.
The seller was South Norwalk, Connecticut-based investment firm Spinnaker Real Estate Partners. The buyer was a joint venture between an undisclosed institutional investment management firm and a New York City-based multifamily owner-operator. Michael Hunter Coghill of Adirondack Capital Partners represented both parties in the deal.