Rock Ridge Place

575 Ellsworth St, Bridgeport, CT 06605

  • For Sale Subject to Offer
  • Property Type Multi-Family
  • Property Size 46,143 SF
  • Units 66
  • Lot Size 1.02 Acre
  • Additional Rent Contact for pricing
  • Year Built 1974
  • Year Renovated 2023
  • Date Updated Oct 7, 2024
The Black Rock neighborhood in Bridgeport offers a unique blend of cultural history, vibrant community atmosphere, and relative value that is increasingly attracting renters, thereby fueling rent growth. Compared with Harbor Point in Stamford or South Norwalk, Black Rock maintains a unique charm, which stems from its historical significance, local businesses, and the natural beauty of its waterfront location. Its close-knit community and relative value are particularly appealing to young professionals and families looking for a more budget-friendly living option compared to the relatively higher rents in Stamford and South Norwalk, while maintaining the same profile and amenities. This has led to increased renter demand in Black Rock, which, in turn, is driving rent growth. Furthermore, the ongoing and planned new developments and revitalization projects, similar to the transformations seen in Harbor Point and South Norwalk, also plays a role in attracting renters who are interested in the long-term prospects of the area. This comparative advantage, coupled with the ongoing development in the region, ensures a promising trajectory for sustained rent growth in Black Rock.Rock Ridge Place is a 66-unit apartment community located in the heart of Black Rock, Bridgeport, CT. Rock Ridge Place has recently received over $2,000,000 in capital improvements and features an array of high-end amenities and finishes that cater to a desirable tenant base of young professionals, affluent commuters, students & faculty, and sophisticated empty-nesters. Rock Ridge Place is comprised of sixty-three (63) one-bedroom and three (3) two-bedroom apartments. Each apartment features new shaker-style cabinets, stone countertops, stainless steel appliances, in-unit laundry, tile bathrooms, modern lighting, and new flooring. Tenant amenities include a dog park, tenant lounge, elevator, package rooms, sun deck, and covered parking. The property is walkable to many area amenities including the Fairfield Metro Train Station, Captain’s Cove Marina, various parks, Saint Mary’s by the Sea Waterfront, and shopping, dining, arts, and nightlife on Fairfield Avenue. Rock Ridge Place offers a new owner the opportunity to acquire a turn-key property with remaining value-add potential in one of the most exciting submarkets in Connecticut.

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Highlights

  • Immediate and Easily Obtainable Value-Add Opportunity
  • Multiple Strategies to Capture Remaining Upside
  • Turn-Key Property with Significant Recent Capital Improvements
  • Highly Amenitized
  • Burgeoning Submarket - Black Rock
  • Significant Rent-Growth Tailwinds
  • Transit-Oriented Location
  • Low Energy Expense

Contacts

broker

Brad Balletto

Northeast Private Client Group

Location

Getting Around

  • Walk Score ®

    86/100 Very Walkable
  • Transit Score ®

    47/100 Some Transit
  • Bike Score ®

    57/100 Bikeable
Powered by Walk Score ®
  • City Bridgeport, CT
  • Neighborhood Black Rock
  • Zip Code 06605
  • Market Bridgeport New Haven

Points of Interest

  • Fairfield Metro

    0.58 miles

  • Connecticut Transportation Solutions, LLC

    1.06 miles

  • Fairfield

    2.21 miles

  • Bridgeport

    2.25 miles

  • Southport

    3.74 miles

  • Stratford

    5.37 miles

  • Green's Farms

    5.46 miles

  • Westport

    8.21 miles

  • Milford

    9.55 miles

  • Santa

    0.46 miles

  • Cumberland Farms

    0.60 miles

  • Star Fuels

    0.88 miles

  • BP

    0.99 miles

  • Stop & Shop Gassoline

    1.00 miles

  • Sunoco

    1.01 miles

  • Freedom Premium Fuels

    1.14 miles

  • Gulf

    1.16 miles

  • Stratford Square

    5.87 miles

  • Greenlots

    6.24 miles

  • Connecticut Park and Ride

    0.55 miles

  • Jennings Beach Parking

    1.56 miles

  • Kelley Center Parking Garage

    1.71 miles

  • Fairfield Train Station Parking

    2.27 miles

  • Fairfield Ludlowe High School Student Parking

    2.32 miles

  • Bridgeport Municipal Garage

    2.36 miles

  • St. Thomas Aquinas School Parking

    2.46 miles

  • Pleasure Beach Parking Lot

    3.03 miles

  • Lake Mohegan Recreation Area Beach Parking Lot

    3.17 miles

  • Black Rock Inn

    0.71 miles

  • Fairfield Circle Inn

    1.28 miles

  • Holiday Inn

    2.18 miles

  • HI-HO Motel

    3.81 miles

  • Quality Suites

    4.74 miles

  • Marriott

    6.41 miles

  • Devon Motel

    7.46 miles

  • Residence Inn Milford

    7.69 miles

  • SpringHill Suites Milford

    7.76 miles

  • Red Roof Inn Milford

    7.81 miles

  • Dunkin'

    0.07 miles

  • Krispy Krunchy Chicken

    0.12 miles

  • Krauszer's Food Store

    0.12 miles

  • Santa Rosa

    0.18 miles

  • China Sky

    0.18 miles

  • Panaro's Pizzeria

    0.24 miles

  • Paramount Pizza

    0.29 miles

  • Hacienda Villa

    0.30 miles

  • Popeyes

    0.32 miles

  • Subway

    0.33 miles

  • Geraldine Claytor Magnet Academy

    0.35 miles

  • Saint Ann Catholic Academy of Bridgeport

    0.40 miles

  • Black Rock School

    0.40 miles

  • Fairfield School of Music

    0.43 miles

  • Bridgeport Regional Aquaculture Science and Technology Education Center

    0.46 miles

  • Marinello's School of Beauty

    0.75 miles

  • Park City Prep Charter School

    0.82 miles

  • Bryant Elementary School

    0.99 miles

  • Cesar A. Batalla School

    1.03 miles

  • Advantage Career Training

    1.05 miles

  • Bright Horizons

    0.54 miles

  • Kings Highway Preschool of Fairfield

    0.57 miles

  • Precious Gifts Preschool

    0.80 miles

  • All Our Kin

    0.83 miles

  • Our Back Yard Play Place

    0.96 miles

  • A Child's World

    1.17 miles

  • Creative Minds Early Childhood Center LLC

    1.17 miles

  • Teadybear Corner Daycare

    1.22 miles

  • KDM Family Daycare

    1.23 miles

  • ABCD Child Care Center

    1.53 miles

Frequently Asked Questions

How much does Rock Ridge Place cost?

The sale price for Rock Ridge Place is available upon request. Contact the listing broker for more information.

What is the total square footage of Rock Ridge Place?

Rock Ridge Place totals 46,143 square feet.

When was this property built?

Rock Ridge Place was built in 1974.

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Contact Listing Broker

broker

Brad Balletto

Northeast Private Client Group