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21 Spring Street

Richard Edwards & Jeff Wright Of NorthEast Private Client Group Represent Seller In $4.375M Multifamily Sale In Windsor Locks
SOLDMultiFamily

Richard Edwards & Jeff Wright Of NorthEast Private Client Group Represent Seller In $4.375M Multifamily Sale In Windsor Locks

21 Spring Street

$4,375,000

Building Size

Asset Type

MultiFamily

Closing

Mar 13, 2026

AI

The multifamily property involved in the transaction is the Magnolia Place, comprising 31 units located at 21 Spring Street in Windsor Locks, Connecticut. The sale price for the property was $4,375,000, resulting in a price per unit of approximately $141,129.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,375,000
  • Units: 31
  • Price Per Unit: $141,129
  • Address: 21 Spring Street
  • Market: Windsor Locks, CT

Richard Edwards and Jeff Wright of NorthEast Private Client Group represented the seller and procured the buyer for this transaction. The identities of the buyer and seller remain undisclosed.

Players

Jeff Wright

NorthEast Private Client Group

Broker

$138.9M

vol

30 deals

Broker

Windsor Locks MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

3.63%

Cash-on-Cash

-1.04%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93