–Leading investment sales firm represents the seller and procures buyer in the transaction in Danbury, CT–
Shelton, CT (May 16, 2025)- Northeast Private Client Group® (NPCG) has announced the $8,475,000 sale of 62 Chestnut Street, a 36-unit townhome complex in Danbury, CT.
Vice President, Investments Jeffery Wright and Vice President, Investments Rich Edwards represented the seller, a Connecticut based developer and owner. Built in 2010, this property has been historically used as student housing, servicing students attending Western Connecticut State University. After a competitive process, Wright and Edwards identified a New Haven based firm looking to convert the property to conventional multifamily as they expand their portfolio into Western CT.
Northeast Private Client Group® specializes in mixed-use, retail, industrial and multifamily real estate, exclusively representing investors, property owners, and professional real estate investors. To date, more than 1,200 successful transactions have been completed, totaling over $4 billion in value within local submarkets around the Northeast and Southeast regions of the United States.
