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1053 Elm Street

Matt Brown Purchases Multifamily Asset From Jeff Duchesne For $4.25M In Manchester NH
SOLDMultiFamily

Matt Brown Purchases Multifamily Asset From Jeff Duchesne For $4.25M In Manchester NH

1053 Elm Street

$4,250,000

$114/SF

Building Size

37,000 SF

Asset Type

MultiFamily

Closing

Jan 30, 2026

AI

The property involved in this transaction is a multifamily asset located at 1053 Elm Street in Manchester, NH. It consists of 29 units, encompassing a total square footage of 37,000, and was sold for $4,250,000. The price per unit is $146,551, with a price per square foot of $114.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $4,250,000
  • Units: 29
  • Square Footage: 37,000
  • Price Per Unit: $146,551
  • Price Per Square Foot: $114
  • Buyer: Matt Brown
  • Seller: Jeff Duchesne
  • Brokers: Dan Pouladian & Benjami Davis - Northshore Realty Advisors

The broker of record for this transaction is Gene Clement for New Hampshire, providing oversight and support throughout the process. This deal reflects the collaboration between the involved parties and their respective roles in successfully executing the transaction.

Players

Dan Pouladian

Northshore Realty Advisors

Broker

$304.3M

vol

68 deals

Broker

Manchester 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

3.73%

Cash-on-Cash

-1.07%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93