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
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