10 Bridge Street in Winsted. Photo via the town's property database.
10 Bridge Street in Winsted. Photo via the town's property database.
Advertisement

WINSTED — On Sunday, March 21, local social media was abuzz with posts about an old mill building being put up for sale for $1.53 (yes, one dollar and fifty-three cents).
The building, located at 10 Bridge Street, is one of two mill buildings that were purchased by XKL Capital LLC, whose principal is Marty Goldin.
Goldin is also the principal of Goldin Management and the Goldin Group, all of Brooklyn, New York.
According to town records, in 2010 XKL Capital LLC purchased both mill buildings, with the back building originally built in 1880, and the front building built in 1887.
For many years, the location was the home of Winsted Furniture.
Over time, Goldin had high hopes for both buildings.
After weighing several different options, In 2012 Goldin announced he would turn the back building into artists lofts.
After almost seven years of planning and renovating, Mad River Lofts opened to great fanfare in August 2017.
In December 2019, XKL Capital LLC sold the back building to Birchwater Property Management LLC for $215,000 in December 2019, which in turn sold it to Impetus Properties for (as listed on Vision Government’s Property Database website) $0 in March.
According to Mad River Lofts’ website, the building currently has five tenants out of 16 spaces.
Meanwhile, XKL Capital LLC has held onto the front building.
Back in 2016 when this reporter interviewed Goldin about his plans for the front building, he would not give a definitive answer.
“Let me get the back building done first,” Goldin said at the time. “There are dreams for the front building. Nothing is going to happen until the back building project is done.”
In the ensuing years, no businesses have opened in the building and no new activities were reported there until this month when Goldin put up a website showcasing the building and advertising that it was for sale at $1.53.
The pictures on the website show that the building has become dilapidated over the years.
On the website, it is not listed whether or not Goldin has done any work on the property.
Goldin also does not list that XKL Capital LLC owes over $12,579.73 in back taxes on the property to the town.
According to the town’s tax database, the company owes $7,971.30 in back taxes for 2019, and $4,608.43 in back taxes for 2018.
Goldin would not respond to calls for comment for this story.
According to the town’s property database, in 2020 the building and land has been appraised at $318,000 and assessed at $223,160.

Advertisement