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
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