Seaport Commercial specializes in a number of niches including Commercial Portfolios, 1031 Exchange, Multi-Family, Marinas, Office and Industrial Buildings, Land, Cash Flow, Analysis, and more. Here, you can read into what our Commercial agents have to say about the market, and other insights as well.

    MFB2I2

    The Seaport Multifamily Brief

    Issue #2 | March 2026

    Coastal Connecticut & Southern Rhode Island

    Powered by CoStar Data and Seaport Due Diligence

    Primary market statistics sourced from CoStar Search Analytics (March 2026 reports). Interpretation and underwriting commentary are proprietary to Seaport Commercial.

    Executive Summary

    Coastal multifamily fundamentals remain tight, but the market is becoming more selective. Vacancy stays relatively low across the region, rent growth varies by county, and cap rates appear to be stabilizing. In this environment, our view remains simple: Do the Math—and let the math tell you what to do.

    Featured Listing Spotlight is included below and uses county-level CoStar benchmarks for context.…

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    Connecticut’s Transfer Act Is Changing — What It Means for Commercial Real Estate

    Transfer Act

    For decades, Connecticut’s Transfer Act has been one of the most significant — and often misunderstood — factors shaping commercial real estate transactions. It has delayed deals, added uncertainty, and in some cases stopped otherwise viable transactions from ever getting to the closing table.

    That is about to change. Connecticut is officially sunsetting the Transfer Act and replacing it with a fundamentally different framework. This shift will reshape how environmental risk is evaluated, negotiated, and managed in commercial real estate going forward.

    A Quick Refresher: How the Transfer Act Worked

    Under the Transfer Act, certain commercial and…

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    Seaport Commercial Closes the Sale of 131 Boston Post Road in East Lyme, CT for $2,125,000

    131 Boston Post Rd Closed

    A Proven Strategy for Value and Stability in Healthcare Real Estate

    Seaport Commercial is proud to announce the successful sale of 131 Boston Post Road in East Lyme, Connecticut— a 13,288-square-foot, multi-tenant medical office buildingthat exemplifies the strength and stability of the healthcare sector. The property sold for $2,125,000, reinforcing investor confidence in medical office assets and Seaport’s ability to connect clients with high-performing investment opportunities.

    About the Property

    This professionally managed, multi-tenant building is anchored by an established mix of long-term healthcare tenants, including Resolute Dental…

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    Investors seeking long-term stability with built-in upside — this one’s for you.

    Commercial Building

    An exceptionally well-positioned multi-tenant property is quietly being offered off-market for a limited time. The asset features a mix of medical and professional tenants, all operating under NNN-style leases, with strong rent growth, reimbursement structures, and renewal optionsin place.

    Property Highlights:

    • 92.3% Occupiedwith seasoned, service-based tenants in healthcare and professional industries

    • Stabilized Net Operating Income:$167,500 (after vacancy, reserves, and management fee)

    • Tenants Reimburse ~85.5% of Expenses, minimizing landlord exposure

    • Capital Improvements Completed: New roof, full HVAC replacement,…

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    Washington County Multi Family

    The multifamily real estate market in Washington County, RIhas shown a solid upward trajectory in recent years, marked by rising rents and high occupancy rates. This trend continues to benefit investors, with strong demand driving the market forward. Let's dive into the most important data points shaping the Washington County multifamily landscape.

    Consistent Rent Growth

    Since 2020 Q1, average rents per unit in Washington County have grown significantly, from $1,534to $1,998by 2024 Q4 QTD, representing an overall increase of roughly 30.2%in under five years. This equates to an annual growth rate of 5.1%, which demonstrates the region’s robust rental market.

    • 2024 Outlook: The forecast indicates continued growth, with projected rents…

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    New London County Market Update Multi Family

    The multifamily real estate market in New London Countycontinues to show strong momentum, with consistent rent growth and high demand. Since 2020, the market has seen significant appreciation, driven by a combination of tight supply, increasing demand, and limited new construction. As we look forward, the data points to continued strength in the multifamily sector, making it a prime area of opportunity for investors and property owners alike.

    Let’s dive deeper into the numbers and trends shaping this market.

    Steady Rent Growth Since 2020

    One of the most notable trends in New London County’s multifamily market has been the steady increase in rent prices. Back in 2020 Q1, the average rent per unit was around $1,293. Fast forward to 2024 Q4,…

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    Tax rates, even within a state, are not universal! In Rhode Island, commercial mill rates or tax rates differ compared to residential rates in many towns, but are the same in others. Based on the 2024 data, the average residential property tax for the 39 municipalities in Rhode Island is approximately 14.35, while the average for commercial property is about 20.37. Interestingly, 27 of the municipalities have a higher commercial rate! Why is there this discrepancy? What do some towns provide that makes the mill rate different?

    A higher commercial tax rate often reflects the higher level of services available within the area. This discrepancy might also indicate the degree of reliance on property tax within the municipality. Tax rates tend to be…

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    Connecticut's real estate taxes can vary greatly depending on the municipality and districts within them.  The graphic above illustrates the base rates for each town. Additional rates are applied to specific locations where services are provided.  These services can include public water, sewer, trash removal,  police services, or a firehouse.  A town or district with a lower Mill rate may not offer these services.  Your real estate agent will be able to help you to determine the services offered and their importance to you when purchasing real estate. The average property tax rate in CT for 2024 is $28.93, with the highest being Hartford at $68.95 and the lowest being Salisbury at $11. 

    2024 Mill Rates CT

    How to Calculate Connecticut Property Taxes

    The…

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    Original article from Claire Bessette of The Day | January 16, 2024 7:02 pm • Last Updated: January 16, 2024 9:49 pm Norwich ― New York-based real estate developers Ernest and Alfred Tollja learned about Norwich in 2018 from a persistent Norwich comedian who drove to their comedy theater nearly every night and pressured them to buy a building in his hometown. Six years later, the two brothers, originally from Albania, own more than a dozen apartment buildings in Norwich, with a total of 117 apartments. That comedian, however, has moved to upstate New York, the pair said Tuesday. On Thursday, they completed the purchase of three prominent lower Broadway buildings that are part of a larger revitalization…

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    Top 5 Pre Commercial Sale Factors

    Maximizing Long-Term Value in Real Estate and Business Sales: Top 5 Strategic Mistakes to Avoid

    By Tim Bray, Broker/Owner, Seaport Real Estate Services

    Hello, I'm Tim Bray, the broker/owner of Seaport Real Estate Services and a graduate in Real Estate & Urban Economics from UConn. Through my years of experience, I've seen how focusing on short-term gains can lead to long-term challenges in real estate and business sales. Let's explore the top five strategic mistakes to avoid for maximizing long-term sale values.

    1. The Pitfall of Underreporting Income Underreporting income, particularly through cash transactions, may offer short-term tax benefits, but it drastically reduces your property's perceived profitability and legal standing. Accurate…

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