Updated Oct 28, 2024
Elm Grove Companies Acquires Multifamily Property In Rochester, NH For $13.85M
68 Hemingway Dr, Rochester, NH 03839
$13,850,000
Building Size
—
Asset Type
MultiFamily
Closing
Mar 3, 2022
About this deal
AI
A multifamily property located at 68 Hemingway Dr in Rochester, NH, has been acquired in a closed transaction. The property spans across 63 acres and is owned by Elm Grove Companies.
Summary of transaction details
- Property Type: Multifamily
- Transaction Amount: $13,850,000
- Date: 03/04/2022
- Market: Rochester, NH
The acquisition was financed through a loan provided by Partners Bank, Genesis Fund, and New Hampshire Community Loan Fund. The loan amount totaled $13,850,000 and was utilized for the acquisition of the multifamily property. Patrick Brady of Brady Capital Advisors, LLC represented the buyer, Elm Grove Companies, as the broker in the transaction.
On the Map
$13,850,000
MultiFamily
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Players
Rochester MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93